THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET
THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


Excise predicts B1.5bn from next phase of sugary drinks tax

Excise predicts B1.5bn from next phase of sugary drinks tax

BANGKOK: The Excise Department estimates the second phase of the tax hike on sugar-sweetened beverages, effective from Oct 1, will contribute an additional B1.5 billion a year to state coffers.

economicshealth
By Bangkok Post

Sunday 15 September 2019, 11:00AM


The Excise Department estimates the second phase of the tax hike on sugar-sweetened beverages will contribute an additional 1.5 billion baht a year to state coffers. Photo: Patipat Janthong / Bangkok Post

The Excise Department estimates the second phase of the tax hike on sugar-sweetened beverages will contribute an additional 1.5 billion baht a year to state coffers. Photo: Patipat Janthong / Bangkok Post

The sugary drink tax now generates B2bn a year for the government, Excise Department deputy spokesman Nattakorn Utensut said.

The tax on sugary drinks was from Sept 16, 2017 with a goal of lowering sugar consumption. The rate is set to rise on a gradual basis in four stages: Sept 16, 2017 to Sept 30, 2019; Oct 1, 2019 to Sept 30, 2021; Oct 1, 2021 to Sept 30, 2023; and from Oct 1, 2023.

The Excise Department has classified sugar content in beverages into six levels based on a volume of 100 millilitres: below six grammes, 6-8g, 8-10g, 10-14g, 14-18g and more than 18g.

From Oct 1, 2019 to Sept 30, 2021, the tax was on beverages with sugar content of 10g to below 14g will be raised to B1 from 50 satang (B0.50) per the 100ml bottle. For 14g to below 18g the tax will be increased to B3 from B1, and starting from 18g it will rise to B5 from B1.

Laguna Golf Phuket

The tax exemption for drinks containing sugar content of below 6g will remain in place, and the levies on those with 6g to below 8g, and 8g to below 10g remain unchanged at 10 satang and 30 satang, respectively.

Mr Nattakorn believes the new excise tax rate will prompt sugary beverage manufacturers to make their products less sweet.

The number of sugary drink products that have reduced sugar has risen to 200-300 from 60-70 before the levy was introduced two years ago. The sugar content of some fizzy drinks has been reduced to below 10g per 100ml bottle to avoid higher tax bills.

Read original story here.

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Be the first to comment.

Have a news tip-off? Click here

 

Phuket community
Trash finally cleared at Chalong Pier after direct order by Governor

Time for a CCTV trash cam on Chalong Pier, with direct connection to Governor's desk. :-)...(Read More)


Trash finally cleared at Chalong Pier after direct order by Governor

Why collect garbage at 5-6 AM? Boats return with trash at 5-6 PM!! Why that garbage has to remain o...(Read More)


Fuzzy outlook for digital TV channels

I got rid of cable TV in 2001 and have not missed the ceaselessly repetitive ads one iota, either....(Read More)


Fatal epileptic asthma attack suspected as pickup crashes off road

As of May 2018... there is no proof of any relationship between epilepsy and asthma... so, what was ...(Read More)


Fatal epileptic asthma attack suspected as pickup crashes off road

Thanks to another highly"respectful" comment by Dr.K..Even if the headline states"su...(Read More)


Arrival, departure slots: Use them or lose them, Phuket airport chief warns airlines

Are slots not more about arrival/departure/refueling times? Are both, Bay and Platform parking fall...(Read More)


Cabinet OKs new perks for tourism

Christy sweet, you are right. However, during last Phuket town Immigration visit after returning fro...(Read More)


Fuzzy outlook for digital TV channels

Ads, ads, ads. Does it not occur to anyone that people choose to watch other media BECAUSE these fre...(Read More)


Fatal epileptic asthma attack suspected as pickup crashes off road

Sorry for the man, but if he was treated on 14 Oct at 8 PM for severe asthma attack, than he should ...(Read More)


Arrival, departure slots: Use them or lose them, Phuket airport chief warns airlines

Dont worry.. even having slots Thaiarway in BKK use the bus to transfer the passengers to the hub.. ...(Read More)