NEW EXCISE STRUCTURE PROPOSED
The Finance Ministry will propose to the Cabinet to approve the new excise tax structure for liquor, tobacco and cards on September 12, 2017, Excise Department director-general Somchai Poolsavasdi said yesterday.
He said that after approval by the Cabinet, the department would announce the new tax structure that would come into effect on September 16.
The new excise tax structure does not increase tax payment for manufacturers hence there would be not reason for them to hoard goods, he said.
