Thailand Gazettes Announcement Clarifying Criteria, Rules for VAT Refunds on Specific Products

The Thai Official Gazette Dec. 8 published Announcement No. 253, clarifying the criteria and rules for VAT refunds on specific products. The announcement states: 1) entrepreneurs registered to sell products to taxpayers traveling outside the jurisdiction have the right to request a refund for VAT that has already been collected on specified products; 2) VAT refunds can be claimed on qualifying jewelry, watches, glasses, pens, and portable phones, computers, and smart phones; and 3) VAT refunds can also be claimed on handbags, wallets, or other bags of the same nature, excluding luggage and belts, with values of 40,000 Thai baht ...