Category: Thai Bullion Dealers
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Buying Bullion In Thailand
Thailand’s gold market is central to Thai life, with unique characteristics and deep cultural integration, offering a distinct experience for bullion investors and collectors alike.
Thailand is known for its traditional bullion system, which is unique to the area. Thai gold bullion is alloyed to 96.5% purity (23K) and measured in Bhats, with 1 Bhat equivalent to approximately 15 grams. This system reflects Thailand’s rich gold heritage and its approach to gold, which is considered not just an investment but a significant cultural artifact.
Small Bhat bars, embodying the traditional Thai standard, can be found in nearly every jeweler across the country, making Thailand’s gold bullion market uniquely approachable with easy access to all, helping Thai residents build their wealth the traditional way: in gold.
While 96.5% gold is predominant, several dealers listed here also provide bullion at the internationally recognized purity standard of 99.9%. This diversity allows local and international investors to choose products that meet global standards while exploring the traditional Thai bullion market.
Do note that traditional Thai bullion is below the purity standards most countries apply for investors to enjoy tax-advantages typically associated with bullion. This can additionally mean that 96.5% pure Thai bullion will be subject to import taxes in countries where 99.9% pure bullion may enjoy 0% ratings.
Are Bullion Sales Taxed in Thailand?
Thailand is an investor-friendly jurisdiction for investing in investment-grade gold bullion bars, rounds and coins – provided they meet purity standards and are strictly bullion, ie not ornamental or made into jewelry.
24k investment-grade bullion and Thai-produced 96.5% (23k) bullion carries zero VAT saving 7% on the equivalent metals being bought as jewelry. There are no import or export taxes on gold.
There is Capital Gains Tax (CGT) on investment bullion which can be treated as regular income and taxed at 15%.
As mentioned above, traditional Thai gold bullion is unlikely to meet strict purity standards required in other jurisdictions for tax advantages and exemptions. As an example, 96.5% pure Thai gold bullion being brought into the UK will be subject to 20% VAT at point of import, whereas 99.9% pure bullion is rated at 0% (even if it must still be declared at customs, above certain weight/value thresholds)
IMPORTANT: The above tax details are listed for information purposes only and are believed correct at time of publication. Bullion.Directory are not tax experts. All enquiries about Thai gold taxes should be addressed to the appropriate local body. Taxes and taxation are subject to change.
Birch Gold Group
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