Govt to cut alcohol taxes and tariffs
Govt to cut alcohol taxes and tariffs
Perhaps this government is a bit less killjoy than the last:
Thailand's cabinet has approved a tax cut on alcoholic beverages and entertainment venues to boost tourism, a government spokesperson said on Tuesday (Jan 2).
Taxes on wine will be reduced from 10 per cent to 5 per cent and on spirits from 10 per cent to zero, Chai Wacharonke told reporters, adding that excise tax on entertainment venues will be halved from 10 per cent to 5 per cent.
https://www.channelnewsasia.com/busines ... sm-4020711
Thailand's cabinet has approved a tax cut on alcoholic beverages and entertainment venues to boost tourism, a government spokesperson said on Tuesday (Jan 2).
Taxes on wine will be reduced from 10 per cent to 5 per cent and on spirits from 10 per cent to zero, Chai Wacharonke told reporters, adding that excise tax on entertainment venues will be halved from 10 per cent to 5 per cent.
https://www.channelnewsasia.com/busines ... sm-4020711
Re: Thailand News Summary
And you think the punters will get the benefit?
I don't think so ..... TIT.
It's a windfall for the bars, restaurants and clubs.
I don't think so ..... TIT.
It's a windfall for the bars, restaurants and clubs.
Re: Thailand News Summary
As far as I can see, this government is heading for a massive car crash. Give away this, give away that, reduce revenue schemes, maintain numerous subsidies. Where is the money to finance all of this coming from. I thought the country was meant to be broke.
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Re: Thailand News Summary
Tax revenue losses would be offset by additional tourist receipts, Finance Ministry Permanent Secretary Lavaron Sangsnit said in a separate briefing.
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Re: Thailand News Summary
HHTel wrote:Tax revenue losses would be offset by additional tourist receipts, Finance Ministry Permanent Secretary Lavaron Sangsnit said in a separate briefing.
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Re: Thailand News Summary
Tourist numbers are way down, and Malays (who mostly don't drink) make up the top arrivals now (mostly weekend border runners) ... so can't really see billions of baht flowing in through that avenue (though cheaper wine would be nice).
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: Thailand News Summary
Yes, but there are contradictory reports also published yesterday calling it bollox. I guess its a case of believing which ever version you want to believe, but this Gov't IMHO are spending cash they don't have. Even this is a gamble on more tourists coming and spending cash.
Championship Plymouth Argyle 1 - 0 Hull City
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Re: Thailand News Summary
I havent seen anything about such cuts n the English languauge media here. It's such a big change, I would have expected such media to cover it.
Talk is cheap
Re: Thailand News Summary
I read about it yesterday - not sure what the publication was. I'll try to find it.
Championship Plymouth Argyle 1 - 0 Hull City
Points 51; Position 21
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Re: Thailand News Summary
This is the one I read https://thethaiger.com/news/national/th ... nd-economy
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Points 51; Position 21
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Re: Thailand News Summary
Hmm ... "The Thai government has announced a tax reduction on local alcohol" ... "reducing domestic alcohol tax to 0%,"
If I read that right, it only applies to locally produced stuff (OTOP rice wine, fruit punch, alco-pops, etc) so anything imported (decent beer, wines, and spirits) will remain ridiculously expensive as the tax on the good stuff is triple figures.
If I read that right, it only applies to locally produced stuff (OTOP rice wine, fruit punch, alco-pops, etc) so anything imported (decent beer, wines, and spirits) will remain ridiculously expensive as the tax on the good stuff is triple figures.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: Thailand News Summary
Of course, and any reference to enticing tourists is a complete con. They will assume 'local' means Chang, Leo or Singha. Most won't even realise there is OTOP rice wine, fruit punch, etc.
Championship Plymouth Argyle 1 - 0 Hull City
Points 51; Position 21
Consolidated - Championship Next Season
Points 51; Position 21
Consolidated - Championship Next Season
Re: Thailand News Summary
Surely local alcohol would include Samsong and the like, plus Chang, Leo and Singha.
Re: Thailand News Summary
According to the Bangkok Post, the import tax on imported wine is also gone for one year:
https://www.bangkokpost.com/business/general/2716918
https://www.bangkokpost.com/business/general/2716918
Re: Thailand News Summary
The tax on imported wine is WAY more than 10% ... its their way of saying they're only cutting it by 5% which won't even be noticeable. Besides, the local stuff has been hiked at least once a year for as long as I can remember.
Edit: "In Thailand there is a 60% tariff on imported wines," https://mahanakornpartners.com/wine-imp ... -thailand/
Basically the 10% is just VAT, on top of the 60% import tariff which is why wine is ridiculously expensive here.
Edit: "In Thailand there is a 60% tariff on imported wines," https://mahanakornpartners.com/wine-imp ... -thailand/
Basically the 10% is just VAT, on top of the 60% import tariff which is why wine is ridiculously expensive here.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson