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Thai cabinet approves new excise tax structure for cigarettes

Thai cabinet approves new excise tax structure for cigarettes

13 Sept 15:21 Key points summarised by AI
  • The Thai cabinet approved a new excise tax structure for cigarettes, increasing the rate from 20% to 25% (up to 40%) and potentially raising pack prices by 6-8 baht.
  • The Finance Ministry aims to protect tobacco farmers, deter new smokers, reduce illegal trade, and boost revenue, though cigarette production is expected to significantly drop from 28 billion to 18 billion annually.
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