excise department
- Business News
Excise Department to reassess retail prices for higher tax revenue
The Excise Department is set to reassess the recommended retail prices that form the foundation for calculating excise taxes. This revision comes as many products’ current prices are estimated to be 5% to 10% below the actual selling prices. According to Bangkok Post, a source from the department indicated that setting recommended retail prices too low results in reduced revenue…
- Thailand News
Thai Excise Department ramps up crackdown on illegal goods
Thailand’s Excise Department has intensified its crackdown on illegal goods, reporting 33,359 cases, a 28% increase, with estimated fines exceeding 2.4 billion baht. The Deputy Minister of Finance, Paophum Rojanasakul, announced yesterday, October 4, that the Ministry of Finance, through the Excise Department, has effectively ramped up its nationwide efforts to combat violations of excise laws. The department reported 33,359…
- Thailand News
Thailand car makers must shift into gear for EV production by 2026
In a bold move that’s set to shift gears in the automotive world, the Excise Department declared that car manufacturers cashing in on the government’s electric vehicle (EV) incentives must start cranking out key components right here in Thailand by 2026. That’s the word from Excise Department Director-General Ekniti Nitithanprapas. Ekniti has laid down the law, insisting that the electric…
- Business News
Thailand expects major rise in EV imports under new four-year plan
The director-general of the Excise Department projected a significant increase in electric vehicle (EV) imports, with an estimated 175,000 units expected to reach Thailand within two years. This comes as part of a four-year plan, EV3.5 (2024-27), which requires importers to establish a production base in the country from 2024-25 onwards, to replace imports with domestically produced EVs. The plan…
- Thailand News
Thailand’s Excise Department probes official’s involvement in oil smuggling case
An investigation is underway by Thailand’s Excise Department into allegations that a high-level official attempted to persuade police to release a truck carrying 15,000 litres of smuggled oil. The department’s Deputy Director-General Kriangkrai Pattanaporn revealed that a probe committee was formed to look into the arrest of the 47 year old driver, identified only as Sombat, in Prachuap Khiri Khan…
- Thailand News
Customs Chief orders probe into high-ranking official clearing illegal fuel truck
The Director of Thailand’s Excise Department ordered an urgent investigation into allegations of a high-ranking official calling to clear an illegal fuel transport operation. If found guilty, the official will be suspended or dismissed from service immediately. The operation led by a provincial excise officer resulted in the arrest of a 47 year old man accused of illegally possessing untaxed…
