VAT on Gold in Thailand
Gold bars of 96.5% purity or more are exempt from VAT. For locally made plain gold ornaments, 7% VAT is charged only on the value added, not on the gold. Today 10 grams of 24K gold cost ฿42,059 at the world price, with no tax on investment bars and coins.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Gold in Thailand today, with tax
THB · Oct 30, 2026, 21:55 UTC| Weight | World price, 24K gold | Bar or coin, with tax and duty | 96.5% jewellery metal, with tax |
|---|---|---|---|
| 1 gram | ฿4,206 | ฿4,206 | ฿4,059 |
| 1 salueng (¼ baht) | ฿16,029 | ฿16,029 | ฿15,468 |
| ½ baht | ฿32,057 | ฿32,057 | ฿30,935 |
| 1 baht | ฿64,114 | ฿64,114 | ฿61,870 |
| 5 baht | ฿320,572 | ฿320,572 | ฿309,352 |
The rules in Thailand
| What you buy | Tax | Details |
|---|---|---|
| Bars and bullion coins | 0% | Gold bars of 96.5% purity or more are exempt from VAT. Exemption applies to qualifying registered traders' sales of 96.5%+ bars. |
| Jewellery | 0% on the gold | For locally made plain gold ornaments, 7% VAT is charged only on the value added, not on the gold. Charged on: value added only (making charge and margin). |
| Import duty | 0% | No import or export duty on gold bullion. |
| Tourist refund | Yes | Thailand's VAT Refund for Tourists covers goods bought at participating shops, jewellery included. Valuable items must be shown to Revenue officers at departure. Only the VAT actually charged (on the value added for gold ornaments) is refunded, less fees. |
Compared with nearby countries
| Country | Bars and coins | Jewellery | Import duty |
|---|---|---|---|
| Thailand | 0% | 0% on the gold | none |
| China | 0% | 18.9% | none |
| Hong Kong | 0% | 0% | none |
| Japan | 10% | 10% | none |
| South Korea | 10% | 10% | none |
| Singapore | 0% | 9% | none |
| Malaysia | 0% | 0% | none |
| Vietnam | 0% | 0% on the gold | none |
| Indonesia | 0% | 1.65% | none |
| Philippines | 12% | 12% | none |
VAT on Gold in Thailand: FAQ
Is there VAT on gold in Thailand?
Gold bars of 96.5% purity or more are exempt from VAT. For locally made plain gold ornaments, 7% VAT is charged only on the value added, not on the gold.
Do you pay VAT on gold bars and coins in Thailand?
Gold bars of 96.5% purity or more are exempt from VAT. Exemption applies to qualifying registered traders' sales of 96.5%+ bars.
Is there import duty on gold in Thailand?
No import or export duty on gold bullion.
Can tourists claim back the VAT on gold in Thailand?
Yes. Thailand's VAT Refund for Tourists covers goods bought at participating shops, jewellery included. Valuable items must be shown to Revenue officers at departure. Only the VAT actually charged (on the value added for gold ornaments) is refunded, less fees.
Why is the gold price in Thailand different from the world price?
The Gold Traders Association price is built from spot and USD/THB plus a dealer spread, in 50-baht steps.
Sources (2)
Related
General information on the tax a private buyer pays, checked 26 October 2026. Rules change; check with the seller, the tax authority or an adviser. Not tax advice.