The price of a pack of cigarettes is expected to rise by 6-8 baht from next month after Tuesday’s cabinet meeting approved the new tobacco tax structure.
According to Finance Minister Arkhom Termpittayapaisith, the new tax will take effect from October 1 (Friday).
On September 30, the excise department will check stocks of cigarettes in tobacco factories and import warehouses to counter hoarding aimed at exploiting the old tax rate. The new rates will apply to all cigarettes in stock from 1 October.
Since 2017, there are two tax rates for cigarettes: 20 percent for packs with a price of 60 Baht or less, and 40 percent for packs over 60 Baht.
The tax authorities have not yet said whether the new structure will be a single or double rate, only that the tax will be higher.
Catch up on more stories here
Follow us on Facebook here
