webfact Posted October 11, 2019 Share Posted October 11, 2019 Customs revenue soars on BMWs, Bentleys By The Nation Imports of high-end cars such as BMWs, Bentleys and Mercedes-Benzes have increased dramatically judging by the amount of customs fees being remitted, an official in Customs Control Development said this week. Principal adviser Chaiyut Kumkun said BMW and Bentley have this year paid 102.9 per cent more than in the previous year, while Mercedes-Benz was spending 1.8 per cent more. “We found that imports of expensive cars slowed in 2018 after the Department of Special Investigation began examining the trade and Customs considered additional taxes,” Chaiyut said. “The new taxes were announced this year, but the import business is active again to meet high demand in this country.” Car imports generated more Customs revenue this year than any other sector, he said. Tax collected on passenger cars was Bt1.28 billion, a 30-per-cent increase over 2018, car parts brought in another Bt8.16 billion, and buses Bt2.1 billion. With Bt108 billion collected in 2019, Customs’ target for 2020 is Bt111 billion. Source: https://www.nationthailand.com/business/30377282 -- © Copyright The Nation Thailand 2019-10-11 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Bert Jones Posted October 11, 2019 Share Posted October 11, 2019 The wealthy get richer, the impoverished just about get by. Link to comment Share on other sites More sharing options...
luk AJ Posted October 11, 2019 Share Posted October 11, 2019 The wealthy get richer, the impoverished just about get by. The Topic is about import tax on cars..Is it a sin to be wealthy?Sent from my iPhone using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
BestB Posted October 11, 2019 Share Posted October 11, 2019 4 minutes ago, luk AJ said: The Topic is about import tax on cars.. Is it a sin to be wealthy? Sent from my iPhone using Thailand Forum - Thaivisa mobile app Hardly a sin but interesting to note local car sales are tanking while luxury imports are booming Link to comment Share on other sites More sharing options...
varun Posted October 11, 2019 Share Posted October 11, 2019 While you're at it, how about retroactively collecting the customs revenue on a certain pink Bentley and all of chubby's watches? Link to comment Share on other sites More sharing options...
JonnyF Posted October 11, 2019 Share Posted October 11, 2019 44 minutes ago, luk AJ said: The Topic is about import tax on cars.. Is it a sin to be wealthy? Sent from my iPhone using Thailand Forum - Thaivisa mobile app Depends how you got the money, doesn't it. Link to comment Share on other sites More sharing options...
ChrisY1 Posted October 11, 2019 Share Posted October 11, 2019 One of the good things of the high Thai baht...for the rich! Link to comment Share on other sites More sharing options...
overherebc Posted October 11, 2019 Share Posted October 11, 2019 32 minutes ago, JonnyF said: Depends how you got the money, doesn't it. Great Train Robbery?? Think about it.???????? Link to comment Share on other sites More sharing options...
observer90210 Posted October 11, 2019 Share Posted October 11, 2019 Good. With consideration to the extra revenue generated in the new taxes, how about decreasing fees on all the "O" visas ? Link to comment Share on other sites More sharing options...
BestB Posted October 11, 2019 Share Posted October 11, 2019 1 hour ago, varun said: While you're at it, how about retroactively collecting the customs revenue on a certain pink Bentley and all of chubby's watches? There is no tax on “gifts”???? Link to comment Share on other sites More sharing options...
MaxLee Posted October 11, 2019 Share Posted October 11, 2019 3 minutes ago, BestB said: There is no tax on “gifts”???? There's no tax on the rich and influential Link to comment Share on other sites More sharing options...
ezzra Posted October 11, 2019 Share Posted October 11, 2019 2 hours ago, webfact said: “The new taxes were announced this year, but the import business is active again to meet high demand in this country.” Oh ya, they have probably found another way to circumvent the custom men, or a friendlier and 'more receptive and understanding' custom man to do business with... Link to comment Share on other sites More sharing options...
Airalee Posted October 11, 2019 Share Posted October 11, 2019 2 hours ago, webfact said: Tax collected on passenger cars was Bt1.28 billion Being that about 80% of the cost of these luxury cars is tax, a 50 million baht Rolls will have 40 million in taxes. A 25 million baht Ferrari will have 20 million in taxes. Porsche 911...12 million in taxes. Do the math and you’ll see that the 102% increase in Bentley taxes paid is probably an increase from ONE car to TWO cars sold year over year. Big whoop. Link to comment Share on other sites More sharing options...
BobinBKK Posted October 11, 2019 Share Posted October 11, 2019 4 hours ago, Bert Jones said: The wealthy get richer, the impoverished just about get by. Why isn't there a graphics board and finger pointing for this to help us understand? Link to comment Share on other sites More sharing options...
Orton Rd Posted October 11, 2019 Share Posted October 11, 2019 4 hours ago, luk AJ said: The Topic is about import tax on cars.. Is it a sin to be wealthy? Sent from my iPhone using Thailand Forum - Thaivisa mobile app 1% of the population owning two thirds of the wealth might not be a sin but probably a recipe for trouble sooner or later. Link to comment Share on other sites More sharing options...
RichardColeman Posted October 11, 2019 Share Posted October 11, 2019 Way it's going, these cars will be as expensive as a box of Alpen soon Link to comment Share on other sites More sharing options...
DrTuner Posted October 11, 2019 Share Posted October 11, 2019 The troughs are full, luxury car sales boom. Junta has been good to it's buddies. Link to comment Share on other sites More sharing options...
hansnl Posted October 11, 2019 Share Posted October 11, 2019 6 hours ago, luk AJ said: The Topic is about import tax on cars.. Is it a sin to be wealthy? Sent from my iPhone using Thailand Forum - Thaivisa mobile app Depends...... Link to comment Share on other sites More sharing options...
ukrules Posted October 11, 2019 Share Posted October 11, 2019 Elon Must said he won't be selling Teslas in India due to their high import taxes which amount to about 100% of the value of the car. Suggesting that they will never be available here. Link to comment Share on other sites More sharing options...
hobobo Posted October 11, 2019 Share Posted October 11, 2019 8 hours ago, Bert Jones said: The wealthy get richer, the impoverished just about get by. ...on Honda Wave... Link to comment Share on other sites More sharing options...
Samuel Smith Posted October 11, 2019 Share Posted October 11, 2019 2 hours ago, RichardColeman said: Way it's going, these cars will be as expensive as a box of Alpen soon I'm waiting until the pound hits 29 before ordering my Bentley ???? Link to comment Share on other sites More sharing options...
kevin612 Posted October 11, 2019 Share Posted October 11, 2019 The wealthy class in Thailand Link to comment Share on other sites More sharing options...
PatOngo Posted October 11, 2019 Share Posted October 11, 2019 10 hours ago, luk AJ said: The Topic is about import tax on cars.. Is it a sin to be wealthy? Sent from my iPhone using Thailand Forum - Thaivisa mobile app Depends on what generated that wealth! Link to comment Share on other sites More sharing options...
Scot123 Posted October 11, 2019 Share Posted October 11, 2019 11 hours ago, luk AJ said: The Topic is about import tax on cars.. Is it a sin to be wealthy? Sent from my iPhone using Thailand Forum - Thaivisa mobile app Mmmm yes if you are a general who seem to become billionaires in a career that pays a fairly small income... Link to comment Share on other sites More sharing options...
SteveK Posted October 11, 2019 Share Posted October 11, 2019 The mega rich elite are spending their over-inflated baht before the whole house of cards comes crashing down. Link to comment Share on other sites More sharing options...
Sydebolle Posted October 11, 2019 Share Posted October 11, 2019 Well, the exchange rate ensured, that the cars got 8% cheaper - if they were imported officially with full invoicing of what they had cost originally. Link to comment Share on other sites More sharing options...
hotchilli Posted October 12, 2019 Share Posted October 12, 2019 23 hours ago, webfact said: Imports of high-end cars such as BMWs, Bentleys and Mercedes-Benzes have increased dramatically judging by the amount of customs fees being remitted, an official in Customs Control Development said this week. And we all know who's buying ! Link to comment Share on other sites More sharing options...
Oziex1 Posted October 12, 2019 Share Posted October 12, 2019 On 10/11/2019 at 10:14 AM, luk AJ said: The Topic is about import tax on cars.. Is it a sin to be wealthy? Sent from my iPhone using Thailand Forum - Thaivisa mobile app In Thailand I would say yes probably, wealth is so often gained corruptly. This has a negative impact on the potential for the countries progress. Link to comment Share on other sites More sharing options...
Oziex1 Posted October 12, 2019 Share Posted October 12, 2019 On 10/11/2019 at 10:14 AM, luk AJ said: The Topic is about import tax on cars.. Is it a sin to be wealthy? Sent from my iPhone using Thailand Forum - Thaivisa mobile app In Thailand Link to comment Share on other sites More sharing options...
Oziex1 Posted October 12, 2019 Share Posted October 12, 2019 Good luck to them, twice over about 5 years I've seen Italian supercars overturned on the freeway in Bangkok. Their driving skills are not real good. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.