Termination of Customs Duty Amnesty Program
In January 2016, the Customs Department released a Voluntary Audit Program that provided importers with an opportunity to approach the Customs Department and voluntarily disclose any import duty that was paid incorrectly in the past without penalties being imposed. The program was initially released for one year and subsequently extended for another year until 31 December 2017.
Earlier this week, the Customs Department announced that this Voluntary Audit Program will be terminated on 31 August 2017, as the resources at the Customs Department will be focused on preparing for the introduction of the new Customs Act, which will come into effect on 13 November 2017. It appears that the Customs Department intends to finalize and close ongoing cases under the Voluntary Audit Program before the new Act becomes effective.
KPMG Customs specialists will be pleased to assist you with any queries relating to the Voluntary Audit Program or the new Customs Act.
© 2020 KPMG Phoomchai Tax Ltd., a Thailand limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.