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On January 17, 2017, the Thai government issued measures to promote the gems and jewelry industry in Thailand by exempting the import duty for gems and jewelry products, promoting Thailand’s gems and jewelry trade to better compete in the international platform and attract more traders and businesses to both the Bangkok Gems and Jewelry Fair and investments in Thailand. Moreover, exhibitors participating in the Bangkok Gems and Jewelry Fair will receive VAT exemption until the gems and jewelry goods are sold at the fair, enabling smoother transactions and ease of doing business.

For more information on tax exemption privileges and guidelines, refer to the infographic below: