The government has outlined tax measures to promote the gems and jewellery industry. Individual sellers of raw materials for jewellery are also allowed a 1% reduction of personal income tax, with value-added tax (VAT) exempted for raw material imports. A VAT waiver is also awarded to registered entrepreneurs who import raw materials or semi-finished products. The GSB has provided 12.7 billion baht worth of soft loans to 985 entrepreneurs. Thailand's jewellery industry is ranked eighth globally by value, and jewellery is among the top four products tourists buy.

Source: Bangkok Post January 18, 2017 00:16 UTC