The Cabinet yesterday approved higher excise taxes on spirits and tobacco from today.
Spirits go up by 9-12 baht a bottle and cigarettes by 1-3 baht a pack.
Deputy government spokesman Chodchai Suwanaporn said the cabinet agreed with the Finance Ministry the increase was in order to make competition fairer among the producers of liquor, special liquor, wine and beer.
"Spirits with a higher alcohol content should face higher taxes," he said.
Excise Department director-general Wisudhi Srisuphan said sin tax revenue was expected to increase by six billion baht per year.
At the same time, the higher taxes should lower consumption of spirits by 60-65 million litres a year and cigarettes by 20 million packs. Last year, 450 million litres of alcoholic drinks were consumed in Thailand and 1.7 billion packs of cigarettes.
"The tax increases have been introduced under the old law," he said. Full Story - Discount Magazine Subscriptions
Spirits go up by 9-12 baht a bottle and cigarettes by 1-3 baht a pack.
Deputy government spokesman Chodchai Suwanaporn said the cabinet agreed with the Finance Ministry the increase was in order to make competition fairer among the producers of liquor, special liquor, wine and beer.
"Spirits with a higher alcohol content should face higher taxes," he said.
Excise Department director-general Wisudhi Srisuphan said sin tax revenue was expected to increase by six billion baht per year.
At the same time, the higher taxes should lower consumption of spirits by 60-65 million litres a year and cigarettes by 20 million packs. Last year, 450 million litres of alcoholic drinks were consumed in Thailand and 1.7 billion packs of cigarettes.
"The tax increases have been introduced under the old law," he said. Full Story - Discount Magazine Subscriptions
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