Thailand's Customs Department is set to amend the tax code to simplify arrangements for the country's import and export industry, a Bangkok Post report has revealed.
Export industries already receive some support in the form of special export zones which have reduced tariffs on imports and exports. However, there is currently no equivalent for the import-orientated firms, and the procedures that they face are often fiendishly complex, with clearance required from a multitude of different agencies.
The new measures announced by the Customs department's Director General, Chavalit Sethameteekul, will allow firms in the new import zones to import some 10,000 products without prior approval from the relevant authorities. This is designed to reduce bureaucracy and increase efficiency, and the department hopes that it will boost export output at the same time.
According to the Bangkok Post, the Customs authority is currently liaising with the Council of State regarding any amendments to the legislation that must be made. It will then be placed before Finance Minister Suchart Jaovisidha for approval.
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