Thailand to Reduce Certain Customs Duty Surcharges
Thailand’s Cabinet recently approved a draft regulation to temporarily reduce certain customs duty surcharges, KPMG said in a May 24 post. Proposed to help provide relief from the COVID-19 pandemic, the measure would reduce the surcharge on an importer or…
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exporter that underpays customs duty but pays the outstanding amount by a certain date, the post said. The measure would reduce the current 1% per month surcharge charge to 0.25% per month, KPMG said. The surcharge relief will be effective from the day following its publication in the Government Gazette until Sept. 30, KPMG said.