We have some bad news.
Beer, wine and liquor in Thailand is getting more expensive thanks to a slew of new draconian alcohol taxes that were approved by the cabinet yesterday.
We know, we know.
Here’s the skinny:
The alcohol tax is broken into two parts – a tax on product value and a tax on alcohol content.
The maximum tax for beer will be maintained at 60 percent of the product’s value, but the effective tax rate per liter of 100 percent alcohol content rose from THB100 to THB300.
The tax hike will drive up beer prices by about 3-7 baht per bottle.
For wine, products worth less than THB600 per bottle will be be exempt from the product value-based tax, BUT those priced above THB600 will be taxed at 36 percent of the product’s retail value.
In terms of alcohol content, all wine will now be taxed at THB1,000 per liter of pure alcohol, up from THB100.
Liquor prices also rose by about 7-15 percent depending on the type and alcohol content, the Bangkok Post reported.
