Major tax hike for alcohol and cigarettes
A new excise tax rates effective starting Saturday, September 16, hits alcoholic beverages hard.
The rates, published in the Royal Gazette, adjust the tax rate for beer to 22 per cent of retail price and 430 Bt per litre of alcoholic content
For wine made from grapes, the tax rate is 1,500 Bt per litre of alcoholic content for a wine bottle not exceeding 1,000 Bt.
Wine priced higher than 1,000 Bt will be taxed at 20 per cent of its price and 1,500 Bt per litre of alcoholic content.
The rate for wine made from grapes mixed with other fruits is 10 per cent of the price and 150 Bt per litre of alcoholic content. These rates are effective from now onwards.
The white spirit tax rate is 2 per cent of retail price and 155 Bt per litre of alcoholic content, while for other kinds of spirits the rate is 20 per cent of retail price and 255 Bt per litre of alcoholic content
The rate goes up to 40 per cent for a cigarette pack priced more than 60 Bt. It is effective from September 16, 2017, until September 30, 2019.
And the rate for cigars is 10 per cent of price and Bt1.2 per gram effective Saturday.
Story: The Nation
