The Excise Department has been offering tax breaks to help businesses stay afloat during the coronavirus crisis. The Excise Department's sales tax cut is expected to cost the government less than 1 billion baht in forgone revenue, says the department's chief. According to the tax breaks, the sales tax rate for electric tricycles has been halved to 2% and the rate for fruit and vegetable juices has been halved to 10%. He said the outbreak has taken a bite out of the Excise Department's revenue collection because the affected items are for services and consumption. The Excise Department has lowered its tax revenue collection target for this fiscal year to 600 billion baht from 640 billion baht set previously.

Source: Bangkok Post July 07, 2020 23:26 UTC