Customs and trade rules are complex, globally varied and ever evolving. To remain competitive businesses must navigate through tariff and non-tariff barriers and proactively seek out benefits offered by preferential customs and trade programs. At Grant Thornton, we’re here to help.
Thailand enacted a new Customs Act in 2017, replacing a collection of prior customs laws dating from 1926. With the modernisation of the country’s customs and related trade regulatory regimes, customs procedures, laws and regulations are becoming increasingly complex. Coupled with the Customs Department’s aggressive enforcement of non-compliance, companies must prioritise customs compliance in order to safeguard against inadvertent offenses and the resultant penalties.
At Grant Thornton Thailand, our customs and trade advisors counsel companies on various imperative customs and related import/export matters including:
Businesses seeking to improve supply chain efficiencies are faced with the challenges of identifying and selecting beneficial duty privilege schemes that fit their needs. Proper selection requires a thorough understanding of the benefits and costs of each scheme.
Our customs and trade advisors can help companies gain clarity and identify the appropriate customs privilege scheme for their business.
We assist companies in planning and implementing:
As an ASEAN member and a preferred trading partner with 17 countries, Thailand is a signatory of bi-lateral and multi-lateral free trade agreements (FTAs) covering 10 ASEAN countries, Australia, Chile, China, India, Japan, New Zealand, Peru and South Korea.
We advise and assist companies on utilising preferential duty privileges and other privileges offered under the bilateral, ASEAN, and ASEAN+6 FTAs. Our services include:
From time to time, businesses are faced with regulatory “red tapes” that hinder growth, that are obsolete, or that fail to provide a level playing field for fair competition. In such instances, companies often decide to exit the market and forego potential business opportunities.
Our team at Grant Thornton has assisted businesses to formulate and implement strategies to engage with authorities and advocate for improvements to the regulatory landscape. We have experience in working with companies to:
Thailand’s import and export control laws are enacted in multiple legislations and are supervised by different government agencies. Companies have difficulties in recognising controls applicable to their goods. Non-compliance is often discovered during the customs clearance process or in customs audits.
Our customs and trade advisors routinely assist companies to review goods for import and export control measures, and assist in applying for the required permits to ensure compliance.
We have handled projects involving: