reader Posted September 16, 2017 Share Posted September 16, 2017 From The Nation New excise taxes will see “moderate” rises in the prices of alcoholic beverages, sugary drinks and cigarettes, the Director General of Excise Department Somchai Poolsavasdi, said on Saturday. He told the press conference that new taxes rates effective immediately would not increase the price of many items, and that some items would be taxed less. He said producers may absorb rising costs for products facing high market competition, but in any case consumers would not pay much more for these products. The new excise system is based on retail price, while the previous system was based on ex-factory or CIF (cost, insurance and freight) prices The details are as following: The tax per bottle of wine priced more than Bt1,000 will be Bt110 upwards, depending on the price. The tax on locally made wine will decrease by Bt25 per bottle. The tax per can of beer will be Bt0.50 higher, and for bottles of beer it will be Bt2 .66 more. For higher-priced beer, the tax will decrease by between Bt0.99 and Bt2. White spirit will be taxed more by Bt0.84-3.49 per bottle. For other kinds of locally produced spirit, the additional tax will be Bt8 per bottle for 28 per cent alcohol content and Bt30 for 40 per cent alcohol content . The tax on other imported spirits, such as Johnnie Walker Red and Blue Label Scotch whisky, will be a little less, from Bt3 to Bt26 depending on alcohol content. For cheap cigarette brands, the tax will add Bt4 to Bt15 more per pack, while higher-priced cigarettes will be taxed at Bt2-10 more per pack. Sugary drinks also be subject to higher taxes. Soft drink taxes will be Bt0.13 to Bt 0.50 per bottle, but sugar-free soft-drink will be taxed less by Bt0.28 Bt0.36 per bottle. Energy drinks will be taxed more, ranging from Bt0.32 to Bt0.90 per can or bottle. Green tea will be taxed Bt1.13 to Bt2.05 more per bottle, and the tax on coffee will be Bt1.35 more per bottle or can. http://www.nationmultimedia.com/detail/breakingnews/30326861 Quote Link to comment Share on other sites More sharing options...
vinapu Posted September 17, 2017 Share Posted September 17, 2017 He told the press conference that new taxes rates effective immediately would not increase the price of many items, In last few days daily I have a beer at 80 baht at Oscars during their happy hour. Yesterday all of then sudden it went up to 110, so much for not seeing an increase. When asked WTF, above mentioned hike was cited as reason. Quote Link to comment Share on other sites More sharing options...
reader Posted September 17, 2017 Author Share Posted September 17, 2017 From The Nation The tax per can of beer will be Bt0.50 higher, and for bottles of beer it will be Bt2 .66 more. For higher-priced beer, the tax will decrease by between Bt0.99 and Bt2. In last few days daily I have a beer at 80 baht at Oscars during their happy hour. Yesterday all of then sudden it went up to 110, so much for not seeing an increase. When asked WTF, above mentioned hike was cited as reason. Oscar's chose to raise the retail price on a bottle a beer by 30 baht (about 37%) on a cost increase of 2.66 baht (about 2.13%). In effect they increased their profit margin on the sale by about 34%, using the tax increase as the rationale. Will be interesting to see how other bars in Pattaya and Bangkok are responding. neddy 1 Quote Link to comment Share on other sites More sharing options...
