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Thai govt misses revenue target over 7 months by 2.7%
MONDAY, JUNE 03, 2024
Shortfall blamed on 20 billion baht losses monthly incurred by Excise Department over cut in fuel excise taxes
Energy Ministry pitches return of fuel tax collection
THURSDAY, MAY 09, 2024
The Energy Ministry is planning to propose shifting the responsibility for collecting fuel tax as well as for setting the tax ceiling back from the Finance Ministry so it can better control the fuel prices and ease people’s burden.
Finance Ministry watching global oil price trends before seeking diesel excise cut
TUESDAY, APRIL 23, 2024
The Finance Ministry will wait to see how global oil prices move before it decides whether to propose a diesel excise cut to help bring down retail prices, Deputy Finance Minister Krisada Chinavicharana said on Tuesday.
Diesel subsidy to end, prices may rise as fuel fund bleeds red: source
TUESDAY, MARCH 26, 2024
With the Oil Fuel fund in the red about 100 billion baht from subsidising the diesel price, measures are being drafted by the Oil Fuel Fund Office (OFFO) to propose to the Energy and Finance ministries to help ease the burden on the fund.
Oil Fuel Fund’s burden could be offset by proposed rise in diesel cap
WEDNESDAY, FEBRUARY 28, 2024
The Office of the Oil Fuel Fund is preparing to propose raising the government’s cap on the retail price of diesel oil from 30 to 32 baht per litre to ease the fund’s overwhelming debts, a news source familiar with the matter told the Nation on Tuesday.
Cabinet greenlights another 3-month extension on diesel tax cut
TUESDAY, JANUARY 16, 2024
The Cabinet has agreed to extend the reduction of excise tax for diesel fuel by 1 baht per litre for another three months, Deputy Finance Minister Julapun Amornvivat said. He was speaking after the Cabinet meeting on Tuesday.
Liquor tax exemption may harm health but not stimulate tourism: researchers
WEDNESDAY, JANUARY 03, 2024
Academic researchers oppose a Cabinet plan to exempt alcohol from excise taxes in order to stimulate the economy, and particularly tourism.
Cut in excise tax for eco-car production extended until 2025
FRIDAY, DECEMBER 22, 2023
The cabinet this week has approved a move to extend the cut in excise tax for eco-car manufacturers from 17% to 14% for another two years, or until the end of 2025, a news source said on Thursday.
Thailand's tobacco: THB 60bn excise taxes (2022), aids 50,000 households
THURSDAY, NOVEMBER 16, 2023
A recent report from the Oxford Business Group underscores the pivotal role of Thailand's tobacco industry in both the nation's economy and the sustenance of rural employment.
Excise tax cuts on fuel to cost 17.7 billion baht
WEDNESDAY, NOVEMBER 01, 2023
The government’s policy to cut the excise tax on several fuels in a bid to reduce people’s financial burden is estimated to result in a loss of state revenue of 17.7 billion baht, the Excise Department said on Tuesday.
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