Tax cut for wine flagged | Bangkok Post: lifestyle

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Tax cut for wine flagged

The price of imported wines will drop if Deputy Finance Minister Thanusak Lek-uthai has his way.

He has proposed a new method of taxing wine aimed at cutting imported wine prices and encouraging importers to pay tax.

He cited two current methods of calculating import duties on wine. One is taxing 60% of the value of each imported bottle, and the other is taxing at 100 baht per litre of 100% alcohol, which will vary by the alcohol content in each bottle.

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  • bkkdave

    ThailandPost : 61

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    Discussion 1 : 31 Mar 2012 at 10.141

    "The Excise Department receives 1 billion baht from 7.9 million litres of imported wine declared yearly, which is far less than actual consumption"

    Far less as nobody can afford to buy it.

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