Excise review to focus on low retail prices

Quick Summary:

The Excise Department is preparing to review recommended retail prices, which are used as the basis for calculating excise taxes, as the current prices for many products are 5-10% lower than their actual prices.

The Excise Department collects 500-600 billion baht annually in tax revenue.

If the retail prices are adjusted upwards by about 5%, government revenue could increase by an additional 20-30 billion baht.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Actual Excise Department Market Retail Price Prices Revenue Lower Recommended Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 05:46:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24424121

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 10 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 3 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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