News and developments
Cabinet Approval of Alcoholic Beverage Tax Reductions and Exemption for Tourism Enhancement: An Examination of Excise and Customs Tax Revisions
These tax amendments, expected to take effect shortly, include alterations to both Excise Tax and Customs Tax frameworks. This article provides a thorough analysis of the endorsed modifications and their ramifications for various categories of alcoholic beverages.
Excise Tax Amendments: The approved changes in Excise Tax encompass a transition from tax collection based on price tiers to a unitary rate system, aimed at optimizing the tax collection process. Below is a concise overview of the prevailing Excise Tax rates vis-à-vis the rates sanctioned by the cabinet:
- Wine and Sparkling Wine Made from Grapes:
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- Existing:
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- Cabinet’s Approval:
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- Grape-Infused Liquor or Grape Wine:
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- Existing:
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- Cabinet’s Approval:
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- Existing: Value Tax Rate 10% and Tax Rate by Volume (Baht per liter of pure alcohol) Baht 150
- Cabinet’s Approval: Value Tax Rate 1% and Tax Rate by Volume (Baht per liter of pure alcohol) Baht 150
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- Existing: Value Tax Rate 10% and Tax Rate by Volume (Baht per liter of pure alcohol) Baht 150
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- Cabinet’s Approval: Value Tax Rate 1% and Tax Rate by Volume (Baht per liter of pure alcohol) Baht 255
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- Existing: Value Tax Rate 10% and Tax Rate by Volume (Baht per liter of pure alcohol) Baht 150
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- Cabinet’s Approval: Value Tax Rate 10% and Tax Rate by Volume (Baht per liter of pure alcohol) Baht 150
- Wine of Fresh Grapes, Including Fortified Wines (Tariff Code: 22.04)
- Vermouth and Other Wine of Fresh Grapes Flavored with Plants or Aromatic Substances (Tariff Code: 22.05)