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Thailand Proposes Tariff-Free Zone for Smaller Export-Producing Enterprises.
Byline: Wichit Chantanusornsiri
Apr. 7--The Customs Department has proposed establishing a new tariff-free zone for small- and medium-sized enterprises producing for export markets.
Chaowalit Sethameteekul, the department's director-general, said that even though export-producing companies already enjoyed exemptions on raw material import taxes, value-added taxes and other incentives, tax payments had to be made first with refunds given following the export of products.
The Customs Department and the Industrial Estate Authority of Thailand does allow licensing for the establishment of special export processing zones, where companies operating ...
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Source: HighBeam Research, Thailand Proposes Tariff-Free Zone for Smaller Export-Producing...