The Thai government is planning to scrap its value added tax (VAT) for jewelers on imports of rough diamonds, gems and raw materials to boost the local industry’s competitiveness in the export market. I hope they implement it quickly. They have been talking about it for some time. Many gem dealers and jewelry manufacturing companies are moving to China for good reasons: cost + tax.
Useful links:
www.bangkokgemsfair.com
www.thaigemjewelry.or.th
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