Jump to content

Support our Sponsors >> Thai Friendly | Pattaya News | Pattaya Unplugged | Buy a drink for Soi 6 Girls | Thailand 24/7 Forum | TPN Property | La La Land bar | NEW PA website | Subscribe to The Pattaya News |Pattaya Investigations | Rage Fight Academy | Buy/Sell Businesses | Isaan Lawyers | Siam Business Brokers | Belts Of Mongering - Mongering Authority | Add your Text or Event here

IGNORED

Thailand to raise excise tax on booze


Benny10

Recommended Posts

Phuket CITY (The Nation): An executive decree will be issued shortly to raise the excise tax ceiling on alcoholic beverages in preparation for the implementation of the Asean Free Trade Area (Afta) agreement on January 1, a Finance Ministry source said yesterday.

 

The Cabinet is expected to consider the measure on Tuesday, just before the arrival of 2010, when the import tax on all imported beer and liquor will be reduced to zero under the Afta scheme.

 

Finance Minister Korn Chatikavanij yesterday declined to comment on the planned excise ceiling hike.

 

The planned hike should help prevent cheaper foreign-made alcoholic drinks being dumped in the Thai market once liberalization is in place.

 

“Alcoholic beverages damage consumers’ health, so it’s necessary to use the excise tax as a measure to manage consumption. Competition in the alcohol industry should also be curbed, because fiercer competition as a result of market liberalization will lead to more consumption.

 

“In addition, the government should enforce a law banning advertising of these products to prevent further damage to public health,” said a ministry official who asked not to be named.

 

Under the Afta scheme, Thailand and other Asean countries will be opening up their domestic markets to boost trade within the 10-country grouping.

 

From January 1, importers of several product classes, including alcohol, will benefit from the zero import tax rate, allowing an influx of cheaper beer and liquor from within the region.

 

At present, Thailand is the largest market for alcoholic beverages in Asean, followed by the Philippines and Vietnam.

 

Sources say Chinese beverage firms with production facilities inside Asean are expected to flood the Thai market with cheap beer and liquor. In addition, some European firms are already using production facilities within Asean to supply low-cost products to the Thai market.

 

If the excise tax ceiling does not get adjusted before Afta is enforced, Thai producers will be hit hard by an expected surge in cheap, foreign products.

 

Beside beer, competition in the distilled white spirits and whiskey market segments is also expected to be fierce due to the reduction of import duty.

 

Brought by Phuket Gazette on Thursday, December 24, 2009, 15.21 local time

See the full story here.

BEER: HELPING UGLY PEOPLE HAVE SEX SINCE 3000 B.C.

Link to comment
Share on other sites

Great! Well prices going up again. :001_Thank_You5:

Link to comment
Share on other sites

Hopefully they will just increase it enough to maintain the current prices.

Pattaya Photos Free newbie guide to Pattaya How to get a TG a tourist visa for Australia Pattaya Weather


My moto for 2017: Don't argue with an idiot. Don't argue with.....

Link to comment
Share on other sites

Hopefully they will just increase it enough to maintain the current prices.

 

That sounds like what the article was saying. Oh well, I hardly drink at all anyway.

Link to comment
Share on other sites

Maybe I can’t afford these stunning beauties any more!?

 

:GoldenSmile1:

 

Weissbiergruppe.jpg

BEER: HELPING UGLY PEOPLE HAVE SEX SINCE 3000 B.C.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


  • COVID-19

    Any posts or topics which the moderation team deems to be rumours/speculatiom, conspiracy theory, scaremongering, deliberately misleading or has been posted to deliberately distort information will be removed - as will BMs repeatedly doing so. Existing rules also apply.

  • Advertise on Pattaya Addicts
  • Recently Browsing

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.