Eliminating the Confusion about Thailand's VAT
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If you're thinking about a trip to the amazing country of Thailand, here's something that can save you money on your purchases while shopping in the Kingdom.
It's referred to as a VAT, which is an acronym for Value Added Tax. It's a tax, but it's a tax that you can get back in many instances.
However, few take advantage of this (for lack of a better word) "rebate" on purchases.
Hey, if you can get some of your money back, why not
Many shops display a sticker or sign on their windows, display cases, counters, and walls.
It's the VAT REFUND FOR TOURISTS sign.
When you purchase at least two-thousand Baht worth of goods, which is about $60-$65 in U.S. Dollars (The currency exchange rates are posted at every bank and many merchants also will post the exchange rate, so don't let that scare you.) you just ask for a VAT form.
Technically, it's a P.P. 10 and the original tax invoice (receipt). It's painless and easy to acquire.
Your total purchases from participating stores (and there are hundreds of them) will have to exceed five-thousand baht. Trust me, it's easy to spend that kind of money in Thailand, especially Bangkok... and it's FUN to do!
You'll have to get a customs stamp, because with no stamp, there's no refund! (No tickey, no laundry.)
So before loading your luggage on the baggage carousel, get the stamp and show the goods at the customs office.
The next step is easy and the line usually isn't too long, but figure it will take about 30 minutes, more if you are traveling in the peak season around the year-end holidays.
Just submit the Form P.P. 10, along with all the original tax invoices (receipts) at the VAT Refund Office after you pass through Passport Control.
THE BIG TICKET ITEMS, things like luxury goods (jewelry, ornaments of gold, watches, bracelets, glasses and pens) with a value of ten-thousand baht or more must once again be pulled out and shown at the VAT Refund Office.
You do have an option; you can mail the Form P.P. 10 (It must have the customs stamp) your ORIGINAL tax invoices (receipts) and a photocopy of your credit card.
I STRONGLY ADVISE AGAINST mailing all the paperwork.
I especially advise against sending a photocopy of your credit card. This is a Third-World country and the mail just doesn't move like the way you're used to. (If it gets delivered at all.)
IF the mail is coming from a foreign country and addressed to the VAT Refund for Tourists Office, there's a good chance "they" know what it contains. (Photocopy of the credit card(s).)
Here's the address for you brave souls who insist on mailing, rather than spending a few minutes standing in line for your refund; VAT Refund for Tourists Office The Revenue Department of Thailand 90 Phaholyothin 7 Phayathai, Bangkok 10400 Thailand
About the Author
Lazz Laszlo is a former Investment Executive and Radio & Television Financial Reporter with many entrepreneurial endeavors to his credit. He spends his time enjoying life and writing about business, travel, retirement, strategy, and pleasure. He maintains the website; http://www.925-wage-slave-alternatives.com and Lazz's blog is at; http://Thailandtaleteller.wordpress.com
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