Types of Tariffs You Need to Know
For Importing Goods from China

05 Jan, 2022
Are you interested in importing products from China to sell in Thailand? China is one of the superpowers in online commerce. With its market size and variety of products for every requirement as well as the range of quality at very low cost, it is no wonder importing products from China is very popular. However, it is important to study the law regarding importing especially the four types of tariffs and customs duty involved in importing goods from China:

Import duty
In Thailand, the Customs Department is the agency responsible for collecting duty on imports and exports. The import duty will only be charged when the goods imported into the Kingdom exceeds the limit stated by law. At the same time, those who regularly import goods from China or export goods and pay taxes in advance will get refund if they have overpaid once they submit a claim for refund within the specified period. On the other hand, they could be charged retroactively within the specified period in the case that their advance payment did not suffice the required amount. Therefore, it is recommended to keep the customs documents for at least 5 years even if you have paid the duty property. In the event of business cessation, the documents should be kept for another 2 years in case there is a retrospective tax audit. This will help prevent both civil and criminal penalties for failing to deliver such documents.

Excise tax
This type of tax applies only to items such as products that may affect health, luxury goods, products that may harm the environment such as beverages, electrical appliances (only air conditioners and chandeliers made of led crystal and other crystal glasses), gasoline, cars, yachts, perfumes, carpets and woolen looms, liquors, tobacco and playing cards, etc.

Interior tax
This tax will be charged only when "excise tax" is required. Example of goods subject to excise tax and tax for the interior include perfume, liquors, tobacco, playing cards, batteries, etc.

Value Added Tax (VAT)
This tax is levied on both the imported goods and the sale of goods within the country because it is based on the value addition in each step of the production of goods or services. Nowadays, it is charged at 7%, and will only be collected if the imported goods exceed the legal limit.
At the moment, imports from China are exempted from import duties if the importer presents “Form E” or Certificate of Origin. You can request this form from the shipping company responsible for the tax proceedings to issue this document. It is also useful to learn about other tax cuts to save cost. Hope you all succeed in your business!

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