Thailand to abolish hefty import tariff on wine

[SooKee]

1 hour ago, daveAustin said:

Haven’t seen any change either. It’ll likely never happen. Taxes usually only go one way and Thailand loves its special tariffs on so called luxury items, esp wine and marques. It’s to protect local industry, you know 😂😂😂

 

My theory from the outset with this was that IF it ever did happen, the suppliers would adopt the view that people are used to paying the current prices, would not pass the tax reduction on to the consumer and would simply pocket the difference as extra profit as a result of them having to pay less tax.

[MarkBR]

On 1/8/2024 at 1:48 PM, cjinchiangrai said:

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.

Would love to see some good Douro wines or Primitivo wines

[MarkBR]

52 minutes ago, SooKee said:

 

My theory from the outset with this was that IF it ever did happen, the suppliers would adopt the view that people are used to paying the current prices, would not pass the tax reduction on to the consumer and would simply pocket the difference as extra profit as a result of them having to pay less tax.

Very cynical

[gargamon]

Yeah, but what about the taxes on my Macallan?

[rocketboy2]

21 minutes ago, gargamon said:

Yeah, but what about the taxes on my Macallan?

 

Why you want to drink that cheap stuff, peasant. 

[SmartyMarty]

44 minutes ago, MarkBR said:

Would love to see some good Douro wines or Primitivo wines

Lots of great Primitivo wines available here. Try Vinestovino or WinePro Thailand.

[gargamon]

1 minute ago, rocketboy2 said:

 

Why you want to drink that cheap stuff, peasant. 

It's all I can afford. Sorry.

[giddyup]

Has anyone seen any actual reductions in the price of wine, or are the distributors/sellers just reaping extra profits?

[TroubleandGrumpy]

They are getting desperate. This tells me despite all the rhetoric and BS the Thai economy is in free fall and they are desperate for money. They do think that this and handing out 10K will fix things, when as the BOT Boss has said many time the problems are systemic. Thailand was in trouble economically before Covid, which then his their economic deficiencies. But now they are 'exposed' and the world is starting to see the real situation.  Much like China, the fake Thai economy is going to have to go though some pain - and that will not stop until serious changes are made.  What I do see/read tells me that the Chinese are changing the 'big picture' things and will recover.  But Thailand is still indicating to me that they have a village/farm mentality and just cannot see the big picture, even when people like the BOT Boss tell them. 

 

Dropping taxes on wines is like moving the chairs on the Titanic - not that I am complaining personally. And maybe they can drop the taxes on cars too - a Honda built here costs way more here, than the same exact car shipped to Australia with all those additional costs and taxes in Australia.  

[Fortunateson]

The hub of reducing tax on wine

[MarkBR]

42 minutes ago, gargamon said:

Yeah, but what about the taxes on my Macallan?

Switch to Laphroaig

[marin]

1 hour ago, MarkBR said:

Very cynical

But also very factual. Have you noticed the anticipated price reduction? No I thought not..

[Jerry777]

Anything we like, they tax like hell, until they like it.

[Ben Zioner]

It does happen, but in a protracted way. Wolf Blass, Cabernet Sauvignon, Lellow label which I had never bought under 599, can be had at 569, in many shops. There are lot of wines now in the 500 to 650 range a lot more than before; interestingly many of these are new labels, which I have never seen before in Thailand.

 

IMHO, the retail prices are [in the process of] dropping by 5 to 10%. It is also a question of stock rotation, so good wines of 1000/1200 THB which are selling less will probably follow once they get reimported.

[giddyup]

1 minute ago, Ben Zioner said:

It does happen, but in a protracted way. Wolf Blass, Cabernet Sauvignon, Lellow label which I had never bought under 599, can be had at 569, in many shops. There are lot of wines now in the 500 to 650 range a lot more than before; interestingly many of these are new labels, which I have never seen before in Thailand.

 

IMHO, the retail prices are [in the process of] dropping by 5 to 10%. It is also a question of stock rotation, so good wines of 1000/1200 THB which are selling less will probably follow once they get reimported.

A drop of 30 baht on a bottle of 600 baht wine? Whoopee!

[proton]

Australian 19 crimes still 599 baht, about twice as much as in the UK, how much is it down under? Not seen any reductions at all this year, some big increases in spirits.

[cjinchiangrai]

2 hours ago, MarkBR said:

Would love to see some good Douro wines or Primitivo wines

FYI In California, Primitivo is called Zinfandel. They make loads of it that is very good and very affordable. Expect to see it early because they can easily fill containers.

[NorthernRyland]

3 hours ago, SooKee said:

My theory from the outset with this was that IF it ever did happen, the suppliers would adopt the view that people are used to paying the current prices, would not pass the tax reduction on to the consumer and would simply pocket the difference as extra profit as a result of them having to pay less tax.

is there a government sanctioned monopoly on wine import? If not you could easily undercut the competition right now and make good business. Being this is Thailand I bet they rigged the market at some level though.

[NorthernRyland]

1 hour ago, Fortunateson said:

The hub of reducing tax on wine

They need cheaper wine in order to think up more hub ideas.

[giddyup]

1 hour ago, proton said:

Australian 19 crimes still 599 baht, about twice as much as in the UK, how much is it down under? Not seen any reductions at all this year, some big increases in spirits.

A 4 litre cask of Stanley red wine (real wine no fruit juice) sells for A$15 in Australia, same one here is over 1000 baht or A$44, obscene markup.

[phetphet]

On 1/8/2024 at 8:50 AM, ikke1959 said:

So no more 250% tax but only 10% or are the prices of the wines going down with5- 10%?

Not sure how it works so will ask:

Do the supermarkets and wine merchants all pay their tax up front to the Thai gov't after importation?

 

Because if so, they might have to sell their old stock first before they drop the price.

[ikke1959]

20 minutes ago, phetphet said:

Not sure how it works so will ask:

Do the supermarkets and wine merchants all pay their tax up front to the Thai gov't after importation?

 

Because if so, they might have to sell their old stock first before they drop the price.

Than there is a lot of stock as it is not sold out after 6 months all over Thailand

[Rolo89]

Moving from france to thailand makes me never buy wine here so the gov loses out on taxes. can't bring myself to pay the wine tax.

[gargamon]

3 hours ago, MarkBR said:

Switch to Laphroaig

Eewww. I won't even drink the Glen's anymore and you want me to go that low?

[Danderman123]

Someone in the government obviously thought there would be a PR benefit if they said the taxes on imported wine would be eliminated.

 

So they claimed they would do it, got the PR benefit and then forgot about it.

 

Mostly, they are "mulling" some reform, and that's as far as they go.

[In Full Agreement]

On 1/8/2024 at 9:37 AM, quake said:

Oh, That's nice.

Seeing is believing.

wonder what the catch will be. 

 

 

 

wonder what the catch will be?

 

They'll ban the importation and selling of wine altogether so no taxing involved at all.

 

 

[lordgrinz]

Just let me know if, when, and where I can get a higher grade Port Wine.