The cabinet on Tuesday approved a sharp increase of the alcohol beverage tax ceiling as proposed by the Finance Ministry.
Under the proposal, which will be enforced under a ministerial regulation, the excise tax ceiling for both fermented beverages such as beers and wines, and distilled beverages such as whisky and brandy, increases to 2,000 baht per litre of 100% alcohol content.
Under the current tax code, the Excise Department collects taxes on fermented beverages at a maximum rate of 100 baht per litre of 100% alcohol content or 60% of the product value, whichever is higher. It collects taxes on distilled beverages with a ceiling of 400 baht per litre of 100% alcohol content or 50% of the value, whichever is higher.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.