Spirits/Liquor: A price increase of between 7-15% on Spirits has been imposed depending on the product and level of alcohol content.
Although the Deputy Prime Minister and Finance Minister Mr. Kittiratt has said “I want to assure you that the tax restructuring for alcoholic beverages is not aimed at boosting state revenue, but at reducing the number of alcohol drinkers” – the new tax hike is expected to generate an extra 10 billion baht per annum for the government.