Customs to hold talks with private sector on luxury duties, duty-free
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THE CUSTOMS Department will this month discuss with the private sector a proposal to reduce the import duty on luxury goods and open more pick-up centres for duty-free goods.
“We will see what we can do to help, as part of promoting [domestic] spending and tourism.
“We will have a discussion [with the private sector] this month to finalise the direction and propose the issues for consideration to the Finance Ministry permanent secretary and those at the policy level,” Kulit Sombatsiri, director-general of the department, said Tuesday.
The pros and cons of the import-duty reduction would be taken into consideration and if the reduction were made, domestic businesses would not be affected.
The current import levy on luxury goods is 30 per cent of their declared prices.
