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SUNDAY, September 25, 2022
No plans to up tax on booze, energy drinks, says Excise Dept

No plans to up tax on booze, energy drinks, says Excise Dept

MONDAY, February 28, 2022

The Finance Ministry’s Excise Department is not planning to increase the tax on spirits, beer or energy drinks, the department’s spokesperson said on Monday.

This was in response to recent rumours that alcoholic beverage makers were planning to increase their retail price by 20 to 30 baht in line with upcoming tax measures.

Spokesperson Natakorn Utensut said the Excise Department had recently spoken to energy-drinks maker Osotspa Co Ltd and learned that it will continue maintaining the retail price of its drinks at 10 baht per bottle. However, he said, the company is planning a new product, which will be sold at 12 baht per bottle.

Other major liquor operators have also confirmed that there are no plans to increase the retail price of their products, he said.

Nattakorn added that the Excise Department will check the retail prices of all spirits, beer and energy drinks from March 14 to 17 before announcing a new recommended retail price.

He said that if an operator wishes to adjust their prices, they must inform the Excise Department first.