<div>
	The Cabinet approved the Finance Ministry&#39;s move yesterday, aimed at raising tax revenue by about Bt15 billion per annum from Bt60 billion.</div>
<div>
	The tax hike is expected to raise retail cigarette prices by Bt5-Bt10 per pack.&nbsp;</div>
<div>
	The higher tax rate is also expected to reduce the number of smokers. According to Thai Health Promotion Foundation, there are about 12 million smokers in Thailand.</div>

Immediate effect on tobacco excise tax hike

Thai Finance Ministry rejects ‘fragile economy’ claim over IMF’s October 14 remarks

Over 1,000 Thai protesters accuse World Bank and IMF of favouring the rich on October 15

<p style="margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:107%"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt"><span style="line-height:107%">Nongluck is a senior economic journalist covering the macroeconomics, real estate, and corporate investment strategies driving growth across Thailand and Southeast Asia</span></span><span lang="TH" style="font-size:18.0pt"><span style="line-height:107%"><span style="font-family:&quot;Angsana New&quot;,serif">.</span></span></span></span></span></span></p>

IMF to Thailand: Shield Indebted Households, Not Fuel Prices, as ASEAN Peers Pull Ahead

Thai tourism industry backs THB450 fee but rejects insurance plan

<p>Nuttapakron is a Rewriter for Nation Group. He focuses on factual precision and clarity, striving to present updates that are both trustworthy and highly readable.&nbsp;</p>

Immediate effect on tobacco excise tax hike

Thailand's excise tax on tobacco products is raised from 87 per cent to 90 per cent with immediate effect.

'Speeding' motorcycle rider plunges 6 metres down hole on Thonburi road

Military trucks on standby at 11 Bangkok districts to transport commuters

Constitutional Court chief orders probe into ‘leak’ of witness’ statement