New excise tax structure for cigs gets cabinet nodAll details of the new excise tax for cigarettes will be disclosed by the Excise Department on Thursday. (Bangkok Post photo)The cabinet has approved the new excise tax structure for cigarettes, expected to come into effect this Friday, according to a Finance Ministry source. At present, a 20% tax rate is applied to the retail price for cigarette packs costing up to 60 baht. If the retail price exceeds 60 baht per pack, a 40% tax rate is applied. The source said that the cabinet agreed to raise the tax rate from 20% to 25% including the 40% tax rate, together with an adjustment of the retail price which is at least 60 baht.
