Tax reduction on drink?

[clivebaxter]

When it this halving of the 30-60% tax on imported wine and spirits meant to take effect? They passed it a while ago now but not seen ay reductions in prices so far

[blackprince]

Good question. I'm not sure when the tax reduction is due to take effect.

But there will also be an off-setting increase in price due to rising costs of fuel-transportation.

Not sure what the net difference will be.

[Gsxrnz]

I think the importer is liable for the tax.  You're assuming the importer will pass on the tax saving to the wholesaler or if the wholesaler passes it on to the retailer. 

 

I'll bet you dollars to donuts you'll see no price reduction at the counter, there are too many variables in the supply chain both domestically and at the point of origin that can be utilized to justify an increase in retail price instead of a reduction. 

 

Ocean freight, inland freight, cost of fuel, rising wages, assumed or real inflationary expectations, exchange rate, and the list goes on.

 

With inflation now a world wide phenomenon you will probably never see anything cheaper than it is today. I remember the 70's and 80's - my salary increased by 19% one year but still didn't match the price rise of beer that was 30%.  

 

My favorite T-shirt had on the front "you too can have a body like this..."  and on the back said "...for 89c 99c $1.10 $1.99 a pint".

[paddyfield7]

I have not heard that alcohol tax would be reduced in Thailand. But I remember that a nice Australian Cabernet-Sauvignon "The Wall" used to cost between THB 500 and THB 600 per bottle, but last week it was for sale at THE 399 - good buy!

[clivebaxter]

18 minutes ago, paddyfield7 said:

I have not heard that alcohol tax would be reduced in Thailand. But I remember that a nice Australian Cabernet-Sauvignon "The Wall" used to cost between THB 500 and THB 600 per bottle, but last week it was for sale at THE 399 - good buy!

Never seen it where did you buy it?

[paul1804]

Countries Tariff Rate Effective Duty and Tax Burden 14th January 2020

 

USA, France, Italy, Chile and other countries under WTO agreement 390.46%

Australia 294.92%

New Zealand 275.81%

 

I don't believe there has been a final decision by the authorities on how much the reduction will be. Maybe the excise which is very high will stay the same and the actual tax which is much lower will be reduced. Can you really see the beer makers in Thailand allowing especially imported wine to be competitively priced against beer? I don't think so!

Now you know why wine is ridiculously  priced in restaurants in Thailand!

[SunsetT]

2 hours ago, paddyfield7 said:

I have not heard that alcohol tax would be reduced in Thailand. But I remember that a nice Australian Cabernet-Sauvignon "The Wall" used to cost between THB 500 and THB 600 per bottle, but last week it was for sale at THE 399 - good buy!

Where?

[crazykopite]

This is Thailand they change there mind every 24 hours it ain’t going to happen for the forceable future if at all let’s face it if the PM had the power he would ban all alcohol sales that’s why all the bars were not allowed to open and even today many are still closed due to this useless administration yet it’s okay to allow 100s to gather in the weekly markets  

[AhFarangJa]

I noticed the other day that the 5 litre boxes of wine and juice mix had gone up by 160 Baht. ridiculous price of over 1100 a box. Or 222 a litre............... mind you, calling it wine is stretching the bounds of reality.

[Tropposurfer]

My thirst has been building steadily and mightily since that dang announcement. Bring it on; Dom Perignon baths here we come lol ???????????? 

[Gsxrnz]

4 hours ago, paul1804 said:

Countries Tariff Rate Effective Duty and Tax Burden 14th January 2020

 

USA, France, Italy, Chile and other countries under WTO agreement 390.46%

Australia 294.92%

New Zealand 275.81%

 

I don't believe there has been a final decision by the authorities on how much the reduction will be. Maybe the excise which is very high will stay the same and the actual tax which is much lower will be reduced. Can you really see the beer makers in Thailand allowing especially imported wine to be competitively priced against beer? I don't think so!

Now you know why wine is ridiculously  priced in restaurants in Thailand!

Can somebody please explain this Thai fanaticism with excessive decimals to the point of 2/3 of Sweet Fanny Adams in virtually every statistic and dataset used.  

 

And while I'm at it, most countries have even done away with their former smallest coins that can't even buy you a free kick up the jacksie, but here we have coins worth literally nothing and a wheelbarrow full may almost buy you a small beer.

[paddyfield7]

7 hours ago, clivebaxter said:

Never seen it where did you buy it?

I' dont know whether I'm allowed to mention company names here, but if I am, you can get it at Rimping, Promenada, Chiang Mai

[paddyfield7]

7 hours ago, clivebaxter said:

Never seen it where did you buy it?

I' dont know whether I'm allowed to mention company names here, but if I am, you can get it at Rimping, Promenada, Chiang Mai

[topt]

7 hours ago, clivebaxter said:

Never seen it where did you buy it?

 

5 hours ago, SunsetT said:

Where?

Makro normally. Been 399 a lot in the last year or more but in between can be 499

[topt]

2 minutes ago, paddyfield7 said:

I' dont know whether I'm allowed to mention company names here,

Why not - as long as you are not "defaming" them........