New Excise Tax Act to take effect in September

[rooster59]

New Excise Tax Act to take effect in September

By The Nation

 

Caption: Somchai Poolsavasdi, director-general of the Excise Department, right, seen during a press conference on the crackdown on smuggling of illegal alcohol and cigarettes on February 3, 2016.

 

A new Excise Tax Act will come into effect this September, the top Excise Department figure said. 

 

Somchai Poolsavasdi, director-general of the Excise Department, said the newly drafted Excise Tax Act will come into effect 180 days, or September 16, after the bill was publicised by the Royal Gazette on March 20, according to a report on Thai National News Bureau.

 

The Act brings together seven excise duty regulations.

 

He said the new law will allow officials to collect duty on alcohol and tobacco more effectively, transparently and in accordance with international standards. He assured that consumers will not be affected by the new law. 

 

Source: http://www.nationmultimedia.com/news/national/30310251

 

 

-- © Copyright The Nation 2017-03-25

 

 

The enactment will be followed by the promulgation of 80 related organic laws.

[worgeordie]

Prices will rise....but.." He assured that consumers will not be affected by the new law. "

regards worgeordie

[yellowboat]

Raise prices more so in comparison with Cambodia, and you have just created a more lucrative black market.  

[rkidlad]

Stagnant wages and increasing costs of living. You've learnt well from the West. 

 

 

[Ricardo]

Do I get a free sub, with my extra-tax Chang, I wonder ?

[darksidedog]

How are they going to collect tax more efficiently while it not costing the consumer? I have yet to see a tax on anything I buy that doesn't involve a price rise.

[impulse]

1 hour ago, darksidedog said:

How are they going to collect tax more efficiently while it not costing the consumer? I have yet to see a tax on anything I buy that doesn't involve a price rise.

 

I could see this being one of those things where they tell vendors to keep their prices steady (or risk fines and jailtime) all the while the price of raw inputs are constantly increasing.  

 

I recall it happening recently with food vendors, who were told to keep many of their dishes at a set price.  As I recall, it just meant a drop in the quality and quantity of the stuff they still called food and foisted on the public.  

 

But the price stayed steady.

[Chris Lawrence]

Thai tax system is a comedy of errors.