"Excise Department"

The Excise Department is expecting more automakers to sign a memorandum of understanding (MoU) to promote the production and use of electric vehicles (EV) in Thailand after two EV manufacturers – Great Wall Motor (GWM) Manufacturing Ltd and MG Sales Thailand Ltd – on Monday inked the deal with the department.

The Excise Department has ordered electric vehicle (EV) manufacturers/importers to detail costs in a bid to prevent them from misusing tax reductions or support funds.

The Finance Ministry’s Excise Department is not planning to increase the tax on spirits, beer or energy drinks, the department’s spokesperson said on Monday.

The Excise Department has not received any notification from any liquor or beer manufacturers to adjust their retail prices, department spokesman Natthakorn Uthensut said on Tuesday.

A three-baht reduction in the excise tax for diesel oil, which takes effect from midnight on Thursday, will cost the state 17 billion baht in lost revenue over the next three months, but will benefit the country’s economy in the long term, Excise Department director-general Lavaron Sangsnit said.

Palang Pracharath MP Watanya Wongopasi has suggested that the Excise Department study every aspect carefully before imposing taxes on cryptocurrency trading and sales of stocks.

The Excise Department has been instructed to find a way to impose a “salt tax” on the food industry so sodium levels in ready-to-eat food can be controlled and subsequent health problems avoided.

The Finance Ministry has called on the Excise and Customs departments to come up with a tax rate for electric vehicles (EVs) soon, as part of Thailand’s dream to achieve zero emissions by 2065.

The Excise Department is aiming to collect a carbon tax from factories that produce carbon dioxide. This idea is related to encouraging the increased manufacture of electric vehicles (EV) in the future.

The tax on cigarettes goes up from Friday (October 1), according to new tax rates announced in the Royal Gazette today.

A new tax is expected to raise the price of a pack of cigarettes by 6-8 baht from next month.

A new tobacco tax structure effective from October 1 will bring more than THB60 billion revenue per year, according to the Excise Departments estimates.