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Excise tax hike planned

Plan to base excise tax on retail price

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Prices of many goods are likely to rise substantially if the Excise Tax Department's plan to change to calculating the amount on the retail price is approved. 

The department currently bases its tax mostly on ex-factory prices, except for liquor and beer for which excise tax collection was recently changed and is now based on the last wholesale price before reaching consumers.

Department director-general Somchai Pulsawas argued that the proposed change to a retail price tax base would "increase efficiency" in the collection of the tax.

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