The Thai customs authorities announced that a customs voluntary disclosure program has been extended to 30 April 2020.
Under the program, eligible business operators can submit a voluntary disclosure to the Thai customs authorities to correct unintentional underpayments of customs duties and taxes. If the voluntary disclosure is accepted, the Thai customs authorities will consider granting an exemption from customs penalties and reducing the monthly customs surcharge rate from 1% to:
Business operators, however, will not be exempt from value added tax (VAT) surcharges and penalties under the program.
Business operators will be considered ineligible from the program under certain circumstances including that they are subject to a customs post-clearance audit or are being investigated or prosecuted for customs violations by other government agencies.
Read a July 2019 report prepared by the KPMG member firm in Thailand
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