Increase in machinery registration fee
The Ministry of Industry has raised the fees for registering machinery by an estimated 20 per cent to reflect the present economy and production costs, including the machinery inspector’s licence fee.
Keywords: Mazars, Thailand, Legal, Commercial law, Ministry of Industry, Ministerial Regulation
10 April 2017
Under the Thai law the movables can be mortgaged, if they are registered according to the law. Then the government also encourage entrepreneur in Thailand that the registered machinery can be declared as assets to secure a bank loan by the Commercial law.
Previously, there were only four machinery registration fees for ranges in value set out in Ministerial Regulation No. 7 (B.E. 2532). The highest range was set that THB 500 per machine, or not more than THB 10,000 to register several machines in the same factory at the same time, and there was no ruling for the machinery inspector’s licence fee available.
On 20 February 2017, the Ministry of Industry published Ministerial Regulation B.E. 2560, in the Royal Gazette, promulgated under the Machinery Registration Act B.E. 2514 and its amendment (No. 3) B.E. 2558, in order to amending the fees in annex of the act, as set out below:
No. | Fee Description | Fees |
1. | To register ownership of machinery (a) For a machine valued at more than THB 500,000 *To register several machines in the same factory at the same time | THB 750 Not more than THB 12,000 |
(b) For a machine ranging in value from THB 100,000 to THB 500,000 *To register several machines in the same factory at the same time | THB 600 Not more than THB 12,000 | |
(c) For a machine ranging in value from THB 50,000 to THB 100,000 *To register several machines in the same factory at the same time | THB 300 Not more than THB 12,000 | |
(d) For a machine valued at not more than THB 50,000 *To register several machines in the same factory at the same time | THB 60 Not more than THB 12,000 | |
(e) To register several machines at various value ranges in the same factory at the same time | The fee is calculated from the highest-value machine to the lowest-value one, but the total fee will not be more than THB 12,000 | |
2. | To register the transfer of ownership of machinery *To register the transfer of ownership of several machines in the same factory at the same time | THB 100 per machine Not more than THB 2,000 |
3. | Issuance of a substitute for machinery registration certificate | THB 100 per copy |
4. | To have a registration mark affixed or made on machinery *To have marks affixed or made on several machines in the same factory at the same time | THB 120 per mark Not more than THB 1,200 |
5. | Issuance of machinery inspector’s licence | THB 1,000 per document |
6. | Issuance of a substitute for machinery inspector licence | THB 500 per document |
7. | To renew an existing machinery inspector’s licence | THB 500 each time |
8. | To register under Section 11 or Section 12 | THB 300 each time |
9. | To register the mortgage or sale of machinery with the right of redemption | THB 1 for each THB 1,000 of the mortgage amount or sale value with the right of redemption, by the total fee will not be more than THB 120,000 |
10 | To register the transfer of machinery mortgage right | THB 1 for each THB 1,000 of the mortgage amount, but the total fee will not be more than THB 6,000 |
11 | To verify documents held by the Registrar | THB 40 each time |
12 | To obtain duplicates of documents with correct certification | THB 10 per page |
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