Packs of cigarettes are going to get somewhat more expensive. The Thai Cabinet just approved a new excise tax construction for cigarettes. Retail costs for a pack are anticipated to rise by 6 to eight baht. โซล่าเซลล์คุณภาพดี says the brand new tax construction is anticipated to go into effect on Friday, however it nonetheless needs to be revealed in the Royal Gazette to be made official.
According to the Bangkok Post, a 20% tax rate has been applied to the retail price of cigarettes underneath 60 baht and 40% for packs over 60 baht. The Post says the Cabinet raised the 20% tax price to 25%, while Nation Thailand says the Excise Department didn’t announce the precise rate, solely saying the tax will be larger.
The governor of the Tobacco Authority of Thailand says “The TOAT is worried about the unlawful cigarette trade which it expects to increase considerably because of the tax price hike.”g