worgeordie Posted January 8 Share Posted January 8 Wonder how the taxman is going to claw the lost revenue back ,as you never get any freebies from the taxman ,might give it out with right hand and take it back with the left..... regards worgeordie 1 1 Link to comment Share on other sites More sharing options...
4MyEgo Posted January 8 Share Posted January 8 3 hours ago, ozz1 said: I'll believe it when i see it I'm with you on that, heard about this a year ago and here we are, nothings changed. 1 Link to comment Share on other sites More sharing options...
Guderian Posted January 8 Share Posted January 8 Don't forget that the supermarkets and wine shops have already paid the ridiculous duty on their stock, so they'll have to sell that lot first before they dare to put out any wine bought under these new tariffs. That could take a long time. 1 1 Link to comment Share on other sites More sharing options...
Popular Post terryofcrete Posted January 8 Popular Post Share Posted January 8 Many of my family members are wine drinkers and are reasonably well off . They have all been to Thailand....once... and have commented that the lack of decent wine at sensible prices contributed significantly to their decision not to return. I don't drink alcohol so I couldn't care less... 3 1 1 Link to comment Share on other sites More sharing options...
Popular Post Bangkok Barry Posted January 8 Popular Post Share Posted January 8 3 hours ago, Orient Express said: Exactly. The same article states: "It comes after the governemnt [sic] introduced a series of relaxations on booze sales. In 2022, it lifted a five-decade-long ban on alcoholic beverage sales in the afternoon between 2 and 5pm." Kind of undermines your faith in other content in the article, doesn't it. 1 - the 2-5 ban hasn't been there for five decades, but since when Mr (not Miss) Thaksin was PM. 2 - it hasn't been lifted anyway. Why is it that people these days can get published without checking facts and knowing what they are writing about? Dumber and dumber. 2 2 1 Link to comment Share on other sites More sharing options...
Frankie baby Posted January 8 Share Posted January 8 I recall reading there was another component (other than obvious protectionism) that keeps it artificially high too They use to lower the tax on larger volumes like the 2 & 4 litre wine boxes (there was a good reason for it, but I cant remember). On another note "WHAT GOES UP MUST COME DOWN" it was taxes like this that set the ball rolling for free-fall farang tourism. Looks like somebodies pressed the panic button? 1 Link to comment Share on other sites More sharing options...
Bangkok Barry Posted January 8 Share Posted January 8 14 minutes ago, Guderian said: Don't forget that the supermarkets and wine shops have already paid the ridiculous duty on their stock, so they'll have to sell that lot first before they dare to put out any wine bought under these new tariffs. That could take a long time. Probably, but I'm not sure about that. I used a manage an HMV record store in the UK and quite often tax on records would be increased in the budget. I had to charge the new price from the next day as tax was paid on sales, but try explaining that to pi**ed off customers who thought we taking advantage by charging more on old stock. Link to comment Share on other sites More sharing options...
Sydebolle Posted January 8 Share Posted January 8 10+ years too late - this "idea" happened on Yingluck's watch and must have cost Thailand billions of Baht. Have you seen, what is being hauled across from Laos into Nakorn Phanom, Mukdahan and Chong Mek? Link to comment Share on other sites More sharing options...
Retfed50 Posted January 8 Share Posted January 8 3 hours ago, Orient Express said: Exactly. The same article states: "It comes after the governemnt [sic] introduced a series of relaxations on booze sales. In 2022, it lifted a five-decade-long ban on alcoholic beverage sales in the afternoon between 2 and 5pm." When did this happen? 1 Link to comment Share on other sites More sharing options...
Frankie baby Posted January 8 Share Posted January 8 While their trying to get the tourist back with carrots like this, they might want to take another look at the biggest money spinner they have "Western Pensions". That's got to be the back bone of all Thai foreign currency reserves & more. Never really gets a mention, but western countries must be sick & tired of their hard currencies heading for countries like this & propping-up their economies, especially when there citizens seem to be getting pushed around whilst trying to spend it. 1 1 Link to comment Share on other sites More sharing options...
Popular Post xylophone Posted January 8 Popular Post Share Posted January 8 10 minutes ago, Sydebolle said: 10+ years too late - this "idea" happened on Yingluck's watch and must have cost Thailand billions of Baht. Have you seen, what is being hauled across from Laos into Nakorn Phanom, Mukdahan and Chong Mek? NO.......what is being hauled across?? 3 Link to comment Share on other sites More sharing options...
BenStark Posted January 8 Share Posted January 8 13 minutes ago, Bangkok Barry said: Kind of undermines your faith in other content in the article, doesn't it. 1 - the 2-5 ban hasn't been there for five decades, but since when Mr (not Miss) Thaksin was PM. 2 - it hasn't been lifted anyway. The law actually exists since 1972m but I think it didn't get much enforced before the Thaksin era, and it got lifted in 2022, but only for hotels https://vino-joy.com/2022/06/30/thailand-lifts-50-year-old-booze-ban/ 1 1 Link to comment Share on other sites More sharing options...
cjinchiangrai Posted January 8 Share Posted January 8 Super! The supply will still be limited to vendors that can ship in bulk or charge a high premium for freight but this will be great. Plenty of really good wines out there. Hopefully this will be published soon enough to take advantage of the 2023 releases coming in the next few months. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted January 8 Share Posted January 8 5 hours ago, webfact said: These tax cuts are expected to significantly reduce the cost of imported wines in Thailand, a country that has traditionally imposed an average tax of about 250% on wine, including import tariffs, excise tax, municipal tax, and a 7% VAT. Which for a long time has been utterly disgusting... Link to comment Share on other sites More sharing options...
MonteD Posted January 8 Share Posted January 8 Interested to see how much savings will be passed on? 1 1 Link to comment Share on other sites More sharing options...
brianthainess Posted January 8 Share Posted January 8 So can I now go and by alcohol in the afternoon, and demand they sell it to me because on AN it says I can. 1 Link to comment Share on other sites More sharing options...
brianthainess Posted January 8 Share Posted January 8 13 minutes ago, BenStark said: The law actually exists since 1972m but I think it didn't get much enforced before the Thaksin era, and it got lifted in 2022, but only for hotels https://vino-joy.com/2022/06/30/thailand-lifts-50-year-old-booze-ban/ Oh stop it we might start getting full accurate stories by Ms. N WANG. instead of wong ones. Link to comment Share on other sites More sharing options...
Popular Post Espanol Posted January 8 Popular Post Share Posted January 8 From this news and other similar ones, I get the impression that the Thais have finally realized that quality tourism, which really brings money, is the "farang", and not the hordes of Indians and Chinese who come all-inclusive, already paid at source to Chinese tour operators, and the vast majority of whom never visit a bar or a restaurant. 3 1 Link to comment Share on other sites More sharing options...
Jiggo Posted January 8 Share Posted January 8 5 hours ago, mikebell said: Staggering but this is par for the course on many farang foods/beverages even stuff made under licence or repackaged here. They bang on about attracting tourists, who are the future ex-pats, yet penalise them with racist taxation. Racist taxation lol Link to comment Share on other sites More sharing options...
Nickcage49 Posted January 8 Share Posted January 8 Well glory be! I never thought I'd see the day. 1 Link to comment Share on other sites More sharing options...
retarius Posted January 8 Share Posted January 8 There is almost zero price competition in Thailand, so I'll believe price cuts when I actually see them on the supermarket or wine store shelves. I feel that most retailers and wholesalers will take the opportunity to increase profits rather than give the drinkers a break. And always remember here in Thailand anyone who cuts their prices to attract more customers gets his shop burned down or worse and the police will be unable to trace the perp. So as I said 'seein' is believin'. 1 2 Link to comment Share on other sites More sharing options...
Popular Post Chongalulu Posted January 8 Popular Post Share Posted January 8 5 hours ago, bamnutsak said: Not sure I understand the logic here. To make up for the lost tax revenue, they're going to have to rely on increased consumption. Has someone done the math, or is some duopoly going to benefit from this change? Well that’s exactly what happens; double the price of something and demand / sales drops significantly. Here,wine is significantly overpriced (about double the UK price for an Australian example ) so I don’t drink it (or extremely rarely) so net tax intake is nil. Reduce the taxes and I (and many others) will drink more. There’s basically a curve (like the Laffer curve) where the tax rate optimizes the total tax take. Thailand is way past the top of the curve on the downward slope so shooting itself in the foot. 2 2 Link to comment Share on other sites More sharing options...
beautifulthailand99 Posted January 8 Share Posted January 8 Who is the monopoly importer who no doubt has a 20 year exclusive licence then !! 1 Link to comment Share on other sites More sharing options...
xylophone Posted January 8 Share Posted January 8 24 minutes ago, Nickcage49 said: Well glory be! I never thought I'd see the day. Wait for it.........you still might not!!! 2 Link to comment Share on other sites More sharing options...
freeworld Posted January 8 Share Posted January 8 Would have thought Thailand had this tax for health reasons, more tax = less consumption. Peoples livers would be better off. 1 Link to comment Share on other sites More sharing options...
Cabradelmar Posted January 8 Share Posted January 8 6 hours ago, webfact said: According to the government spokesperson, import tariffs on wines, which currently stands at 54% and 60% of declared value, will be abolished indefinitely. Additionally, the excise tax on wine will also be lowered from 10% to 5% of its price. Confusing as the article from Vino News says "The new tax measures will take effect shortly and will last until end of the year, according to the Thai government." As some else said, I've believe when I see it for myself. Link to comment Share on other sites More sharing options...
pacovl46 Posted January 8 Share Posted January 8 (edited) "Hey sweetie, wine bottles just got 300 Baht cheaper in Thailand. Let's spend 2000 bucks on two return tickets so we can enjoy the discount!" Edited January 8 by pacovl46 1 Link to comment Share on other sites More sharing options...
harleyclarkey Posted January 8 Share Posted January 8 Just as well - reducing the price of those bottles stewing in the rabid heat in many shop windows! Link to comment Share on other sites More sharing options...
nglodnig Posted January 8 Share Posted January 8 There IS a God! 2 Link to comment Share on other sites More sharing options...
off road pat Posted January 8 Share Posted January 8 6 hours ago, bamnutsak said: Not sure I understand the logic here. To make up for the lost tax revenue, they're going to have to rely on increased consumption. Has someone done the math, or is some duopoly going to benefit from this change? Hmm,.. Maybe someone well placed in or close to the government has a big business in importing wine !?!? the usual case of TIT 1 Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now