E-stamp tax for beer brewersThe Excise Department is about to require that local beer brewers adopt electronic stamp duty in October, aiming to fix a tax leakage problem as beer tax revenue continues to fall short of target. To ease along e-stamp duties, the Excise Department has held discussions with all local beer brewers, which said they had no problem applying the e-stamp duty system. The Excise Department had estimated that tax revenue on beer would decline shortly after the excise tax structure was changed in September 2017, but the tax still fell short of the lower target. The Excise Department normally garners a beer tax of 60-70 billion baht a year. During October to March, the tax-collecting agency amassed 289 billion baht in tax revenue, missing the target by 4.7%.

Source: Bangkok Post July 02, 2019 00:45 UTC