TAX TIME! – How China's Tax Reform Affects Thai Businesses

In 2024, China announced adjustments in its tax structure to boost domestic revenue and regulate exports more strictly. These reforms could lead to increased import duties or VAT on certain product categories. For Thai importers, this means a potential rise in costs, longer customs clearance times, and more stringent document checks. Understanding how these changes affect your product category and planning ahead with the right tax codes and harmonized system (HS) classification is essential to avoid unexpected charges. Whether you're an SME or a large distributor, keeping up with China's tax reforms is no longer optional—it's a business survival skill.

6/16/20251 min read