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Thai Cabinet give green light to new alcohol, cigarette tax rates

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webfact    24,352

Cabinet give green light to new alcohol, cigarette tax rates

 

BANGKOK, 13 September 2017 (NNT) - The Cabinet meeting on Tuesday approved the new excise tax rates for alcohol, cigarettes and playing cards. The new tax rates will be published in the Royal Gazette before they become effective on 16 September 2017. 

Government Spokesman Lt.Gen.Sansern Kaewkamnerd said th new tax rates were proposed by the Excise Department. Recommended retail prices of alcohol, cigarettes and playing cards will be used as a base for excise tax computation. 

The spokesman said Prime Minister Prayut Chan-o-cha stressed that relevant government units should clarify the new excise tax structure to the public. He confirmed that the new tax rates will not significantly affect the tax burden of entrepreneurs and, therefore, stockpiling will be unlikely.

 
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-- nnt 2017-09-13

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madmitch    2,915
11 minutes ago, StefanBBK said:

very simple. trust producers will recommend very low retail prices. that keeps the tax low.

Sent from my SM-G950F using Thailand Forum - Thaivisa mobile app
 

But this could be a disaster for imported products, the RRP of which will already have the excessive import tax included. 

 

Let's wait and see!

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natway09    1,041

Plus they get another 7% VAT based on the difference between buying & selling.

Its enough to drive a man to drink

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SGD    249
1 hour ago, yellowboat said:

Entrepreneurs?  Thought two well established families man most of all alcohol sales in Thailand.  These are corporations who are protected by the Hi-So syndicate and the beloved leader.  There is nothing entrepreneurial about alcohol sales in Thailand. 

Amen brother !

 

Even follow this down a few levels to regional and intra town supply. You can't break it at this level either as they have you locked out and forced to obey the party line. Try to go around them and not only cannot you get supply but you risk violence and worse.

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bdenner    1,038

Here we go again. Excise up by x percent but the price across the counter will be the retail price plus x percent.

Thais and mathematics is an oxymoron!

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yellowboat    5,421
15 minutes ago, SGD said:

Amen brother !

 

Even follow this down a few levels to regional and intra town supply. You can't break it at this level either as they have you locked out and forced to obey the party line. Try to go around them and not only cannot you get supply but you risk violence and worse.

Violence or worse.  The spirit of Al Capone and 1930's Chicago lives on in parts of LoS. 

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shaurene    721

The normal way it is done in most western countries.

The government puts the tax up on a certain product, say 5%.

This normally happens in a few ways.

If the product is imported into the country customs will increase the duty by 5%

Then the importer has it cleared by their customs agent. The importer will pay the customs

invoice charges which include the import duty, VAT or GST, and normal customs department charges.

The Importer then sells it to their customers including the added tax increase.

Then the retailer buys it from the importers customer who charges his new cost price and adds his normal mark-up plus

GST /VAT. Then the retailer pays the government GST/VAT department the country's GST/VAT tax.    

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Sydebolle    1,407

Well, the tax increase will have zero impact as restaurateurs are no longer allowed to even mention alcohol anywhere. Beer coolers cannot be used and wines carry labels which are forbidden too.

This country is back-pedaling in superdrive back to the 14th century.

Guess the funny phone calls will happen again where Thai men offer me (a restauranteur) some special deals on wines "cheap", "cheap". Well, if you can operate without those beautiful tax and excise stickers on bottles - fine; I never took the risk as a colleague was shafted by the under-cover policemen with a contribution to the coffee till of only THB 50K. 

Next will be the minimum wage increase to THB 400 - de facto doubling the minimum salary over six years. A well earned achievement considering the double efficiency of staff rewarding us all for this increase ;-). 

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snoop1130    655

SIN Taxes Take A Hike Saturday

By Asaree Thaitrakulpanich, Staff Reporter

 

OR-WINE6-696x464.jpg

Customers drink wine in June at a Bangkok restaurant.

 

BANGKOK — Cigarettes will be more expensive and the price of booze will rise or tumble under new sin tax rules which will take effect Saturday.

 

While cigarette prices are expected to rise by an average of 30 baht per standard pack, the rewritten code fundamentally changes how taxes on alcohol are assessed and collected.

 

Full Story: http://www.khaosodenglish.com/news/business/2017/09/13/sin-taxes-take-hike-saturday/

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BANGKOK 25 September 2017 07:40
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