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Thai Customs reviews gold import duty amid surge in imports

Thai Customs reviews gold import duty amid surge in imports

Today 07:26Key points summarised by AI
  • Thai Customs is reviewing gold import duties following a surge in imports to over 900 billion baht in the first 11 months of fiscal 2026.
  • This review addresses concerns that the substantial gold imports contribute to capital outflows and negatively impact the country's trade deficit.
  • The department is studying the suitability of imposing an import duty on gold, examining measures adopted by other nations like Malaysia and India, which have a 10% duty.
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