Cigarette makers still adjusting to new excise structure

[snoop1130]

Cigarette makers still adjusting to new excise structure

By The Nation

 

Following the new tobacco excise-duty structure that came into effect on September 16, cigarette-makers including Thailand Tobacco Monopoly and several importers – Philip Morris (Thailand) among them – are continuing to adjust their retail prices.

 

Gerald Margolis, managing director of Philip Morris (Thailand), announced to its trade partners on Monday new suggested retail prices ranging from Bt60 to Bt165 per pack for the company’s brands, with immediate effect

 

“We needed to increase the suggested retail prices of most product variants because of the increased tax incidence imposed on our brands, which are in the premium and mid-price segments and subject to a higher tax rate. 

 

“Prior to our price changes, all products in our portfolio were subject to the 40-per-cent ad-valorem tax rate, as opposed to the 20-per-cent rate applied to products at Bt60 and below. For nearly all of our products, we have increased prices to reflect the taxes the government expected to earn per pack; in line with the government’s revenue target. 

 

“We have priced one brand variation at Bt60 and subject to the 20-per-cent ad-valorem tax rate. This decision was made to maintain our competitiveness in the market.”

 

Source: http://www.nationmultimedia.com/detail/Economy/30327643

 

-- © Copyright The Nation 2017-9-25

[PaddyDaddy]

I wish they could be more clear with their statements. Why not publish a price list and then we know the cost. I smoke Wonder Red and before the new tax they cost 63 to 65 depending on which shop you go to. Now I pay 60 in 7-11 and 70 in other stores

[Bastos60]

I only know of Marlboro that was 125 before tax change, I think those will be the 165 Baht ones now.

Anyone has seen the new prices for Marlboro and Camel?

[RichardColeman]

Raise it to 500 baht a pack. May as well waste money quicker if you have it.

[alanrchase]

I smoke SMS red. On Saturday and Sunday no one was selling them, 7-11 included. They used to cost 51 baht. On Monday they had gone up to 55 baht and on Tuesday they went up again to 60 baht? Who knows what the price should be.

[lordblackader]

L&M Blue -was 87 before hand and is still 87 baht as of yesterday, no price change at 7-Eleven.

[Jonnapat]

Nobody understands the new price structure because as usual nothing is ever straightforward. Probably needed 6 different committees to come up with this complicated formula. 

 

[BangkokNicky]

10 THB more still isnt bad when you look at how much a pack of fags are in the UK still cheap these days .. 

Edited September 26, 2017 by BangkokNicky