TAXATION
EU request for duty cuts on alcoholic drinks studied
Regulators will consider carefully and consult with all stakeholders a petition by the European Union for Thailand to slash import taxes on alcoholic beverages, says Satit Rungkasiri, the director-general of the Fiscal Policy Office.
The EU wants Thailand to cut import tariffs on alcohol, now as high as 60%, particularly after the tariffs were cut to zero at the beginning of the year for Asean producers under the Asean Free Trade Area.
"In any case, we will want to consult with all stakeholders in considering the action, as well as the impact on society, government tax revenues as well as domestic producers," Mr Satit said yesterday.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
About the author
- Writer: Wichit Chantanusornsiri
- Position: Business Reporter
Latest stories in this category:
- PM visiting Australia
- Gold prices for Saturday
- Thai foreign investment incentives placed in the spotlight
- Drama in GSB president selection
- Raimon Land keen to pursue high-end Bangkok condos
- Fitness First plans 4 more gyms, sees opportunity
- CAT ordered to suspend 3G amid inquiries
- Huge Silom plot may grab B2bn at auction
