New tax to boost cigarette prices by round eight baht per pack

Packs of cigarettes are going to get slightly more expensive. Classified permitted a brand new excise tax construction for cigarettes. Retail prices for a pack are anticipated to rise by 6 to eight baht. The Finance Minister says the new tax construction is predicted to enter effect on Friday, but 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 utilized to the retail value of cigarettes under 60 baht and 40% for packs over 60 baht. The Post says the Cabinet raised the 20% tax fee to 25%, whereas Nation Thailand says the Excise Department didn’t announce the exact rate, solely saying the tax might be larger.
The governor of the Tobacco Authority of Thailand says “The TOAT is anxious about the illegal cigarette trade which it expects to extend substantially because of the tax price hike.”

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