THAILAND
Thailand draws up cig tax changes

Finance Minister Arkhom Termpittayapaisith and Deputy Finance Minister Santi Prompat are in talks to prepare an excise tax structure for cigarettes, reports Bangkok Post.

A new flat tax rate of 40 per cent was scheduled to be applied from October 2019, regardless of the retail price, but there has been opposition from some related parties. This prompted the ministry to postpone its implementation until 30 Sept this year to review the tax.
Currently, a two-tier system applies to excise duties levied on cigarettes. For packs priced up to THB 60 (USD 1.82), a tax rate of 20 per cent is levied on the retail price. If the retail price is over THB 60 per pack, a tax rate of 40 per cent is applied.
Santi Prompat said he reviewed the tax details and reached a conclusion, which requires approval from the minister. According to the report, he declined to disclose his conclusion.
Excise Department director-general Lavaron Sangsnit said the new structure will be based on four principles aimed at balancing farmers' income, public health, government revenue and efforts to prevent smuggling.
A ministry source, who requested anonymity, said since the two-tier cigarette tax structure was introduced in 2017, the department's excise revenue from cigarettes fell from THB 68.6 billion (USD 2 billion) in fiscal 2017 to 68.5 billion in 2018, 67.4 billion in 2019 and 62.9 billion in 2020.
In the first seven months of the 2021 financial year, the ministry collected THB 37.8 billion (1.15 billion USD) in cigarette tax.

Want to read the latest TJI?

Industrie.de Infoservice
Vielen Dank für Ihre Bestellung!
Sie erhalten in Kürze eine Bestätigung per E-Mail.
Von Ihnen ausgesucht:
Weitere Informationen gewünscht?
Einfach neue Dokumente auswählen
und zuletzt Adresse eingeben.
Wie funktioniert der Industrie.de Infoservice?
Zur Hilfeseite »
Ihre Adresse:














Die Konradin Verlag Robert Kohlhammer GmbH erhebt, verarbeitet und nutzt die Daten, die der Nutzer bei der Registrierung zum Industrie.de Infoservice freiwillig zur Verfügung stellt, zum Zwecke der Erfüllung dieses Nutzungsverhältnisses. Der Nutzer erhält damit Zugang zu den Dokumenten des Industrie.de Infoservice.
AGB
datenschutz-online@konradin.de