Thailand Collects Over 4 Billion Baht from First-Baht Import Tax as Shoppers Favor Local Goods
Economy

Thailand Collects Over 4 Billion Baht from First-Baht Import Tax as Shoppers Favor Local Goods

Thailand's Customs Department has collected over 4 billion baht in import tax and VAT under a new policy taxing foreign goods from the first baht of value. Authorities are also investigating potential 'Made in Thailand' mislabeling, impacting domestic industry and trade relations.

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