Tuesday, 3 September 2013

Higher alcohol prices in Thailand after midnight Tuesday

Drinkers are going to face higher prices on beer, wine and liquor after midnight Tuesday, following cabinet approval on new alcohol tax rates.

The maximum tax for beer will be maintained at 60% of the product's value, but the effective tax rate per litre of 100% alcohol content will rise from 100 baht to 300 baht.

The tax hike will effectively drive up beer prices by about three to seven baht per bottle.

In terms of alcohol content, all wines will now be taxed at 1,000 baht per litre of pure alcohol, up from 100 baht.

The Finance Ministry will release full details of the new tax policy on Wednesday.

Read the full article at the Bangkok Post.

No comments:

Post a Comment