Govt to increase alcohol tax again

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buksida
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Govt to increase alcohol tax again

Post by buksida » Wed Sep 04, 2013 7:33 am

Drinkers are going to face higher prices on beer, wine and liquor after midnight Tuesday, following cabinet approval on new alcohol tax rates.

The Excise Department has ordered its officials to be on alert to prevent the smuggling of untaxed alcohol and the hoarding of liquor following the decision.

The alcohol tax is divided into two parts - product value and alcohol content.

The maximum tax for beer will be maintained at 60% of the product's value, but the effective tax rate per litre of 100% alcohol content will rise from 100 baht to 300 baht.

Full Story: Bangkok Post
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Re: Govt to increase alcohol tax again

Post by Pleng » Wed Sep 04, 2013 10:20 am

buksida wrote: The maximum tax for beer will be maintained at 60% of the product's value, but the effective tax rate per litre of 100% alcohol content will rise from 100 baht to 300 baht.
If I understand this correctly it means stronger beers will face more tax?

Well the strongest larger here is Chang at 6.5%... it's also considerably cheaper than Singha at 5%, so I guess we'll see Chang increase in price. This gives Singha the opportunity to either a) gain some market share as they become more competitive or b)increase their price anyway to milk what they can from their current customers. Who's taking bets on B? :)

If Chang goes up in price, Leo will almost certainly follow suit, even though it's also only 5%.

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Re: Govt to increase alcohol tax again

Post by sand_dancer » Wed Sep 04, 2013 10:36 am

The start of the of trying to claw back money after the rice pledging fiasco.....

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Re: Govt to increase alcohol tax again

Post by squire » Wed Sep 04, 2013 11:51 am

The full article mentions that the price impact on beer with be an increase of about 3-7 baht per bottle. So I guess Chang might increase in price by 7 baht per bottle.

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Re: Govt to increase alcohol tax again

Post by oakdale160 » Wed Sep 04, 2013 1:33 pm

What is the tax on wine which is very expensive in Thai?

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Re: Govt to increase alcohol tax again

Post by blue05 » Tue Sep 10, 2013 5:27 pm

the increases seems ro be kicking n now, bars on 80 whitehouse and dragon have stuck 10bt on all beers, others i expect will follow suit shortly

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Re: Govt to increase alcohol tax again

Post by richard » Tue Sep 10, 2013 5:40 pm

Another nail in the bar owners coffins
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Re: Govt to increase alcohol tax again

Post by barrys » Tue Sep 10, 2013 6:16 pm

oakdale160 wrote:What is the tax on wine which is very expensive in Thai?
My supplier tells me the tax will increase the price of a bottle of wine by around 50-60 baht.

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Re: Govt to increase alcohol tax again

Post by buksida » Tue Sep 10, 2013 7:15 pm

richard wrote:Another nail in the bar owners coffins
Unlikely. The tax increase is a maximum of 7% (depends on alc vol) which equates to about 4 baht (on Leo for example), so if the bars are putting prices up by 10 baht they're making more per bottle than they used to!
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Re: Govt to increase alcohol tax again

Post by richard » Tue Sep 10, 2013 7:21 pm

buksida wrote:
richard wrote:Another nail in the bar owners coffins
Unlikely. The tax increase is a maximum of 7% (depends on alc vol) which equates to about 4 baht (on Leo for example), so if the bars are putting prices up by 10 baht they're making more per bottle than they used to!
White House and dragon have stuck 10bt on all beers
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Re: Govt to increase alcohol tax again

Post by Dannie Boy » Tue Sep 10, 2013 10:27 pm

buksida wrote:
richard wrote:Another nail in the bar owners coffins
Unlikely. The tax increase is a maximum of 7% (depends on alc vol) which equates to about 4 baht (on Leo for example), so if the bars are putting prices up by 10 baht they're making more per bottle than they used to!
Always assuming that they can sell the same volume?

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Re: Govt to increase alcohol tax again

Post by JW » Wed Sep 11, 2013 7:02 am

Beers are crazy cheap in soi 80, they deserve to make another few baht

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Re: Govt to increase alcohol tax again

Post by Pagey » Wed Sep 11, 2013 10:27 am

Cos rents are crazy cheap compared with Bintablock, minimum of 50% for the few I know the rents of in the Bintablock. Example bar for sale in Soi 80 at the moment and rent is 12,000 Baht. :thumb:
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Re: Govt to increase alcohol tax again

Post by buksida » Tue Feb 24, 2015 4:42 pm

Here we go again with another price hike ... it'll soon be cheaper to get a beer in Malaysia!

Higher alcoholic drink and tobacco prices soon
Alcoholic drink and tobacco prices will be higher by two percent possibly in March after Thailand Sports Act is announced in the Royal Gazette.

The sports bill was passed into law by the National Legislative Assembly (NLA) in January and is pending announcement in the Royal Gazette within 60 days.

Under the law, exporter, importer and producer of alcoholic drinks and tobacco are mandated to contribute 2% of their annual excise tax they pay to the sports fund.

The mandated contribution to the fund will be surely passed on by business operators to consumers by raising retail price.

It was expected that retail prices will be 3-5 baht higher.

The Excise Department collected around 200 billion baht in excise tax last year.

http://englishnews.thaipbs.or.th/higher ... rices-soon
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Re: Govt to increase alcohol tax again

Post by Pleng » Tue Feb 24, 2015 9:20 pm

Sports Fund?? :?

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