The Cabinet meeting on Tuesday approved the new excise tax rates for alcohol, cigarettes and playing cards. The new tax rates will be published in the Royal Gazette before they become effective on 16 September 2017.
Government Spokesman Lt.Gen.Sansern Kaewkamnerd said the new tax rates were proposed by the Excise Department. Recommended retail prices of alcohol, cigarettes and playing cards will be used as a base for excise tax computation.
The spokesman said Prime Minister Prayut Chan-o-cha stressed that relevant government units should clarify the new excise tax structure to the public. He confirmed that the new tax rates will not significantly affect the tax burden of entrepreneurs and, therefore, stockpiling will be unlikely.
The PM also added that price rises to the consumer will be small.
(Source:-National News Bureau of Thailand)