The government plans to raise the sin tax to increase the allowance for needy elderly people. (Photo by Pattanapong Hirunard)The cabinet has approved a 2% increase in the excise tax on liquor, cigarettes and beer so it can better help needy elderly people. The move is part of the elderly bill approved at its meeting on Tuesday. State-owned TV ThaiPBS gets 1.5%, capped at 2 billion baht a year, and the National Sports Development Fund gets 2% or 4.3 billion baht in 2016. With the new allocation for the Elderly Fund, the Excise Department supports four funds at 7.5% a year in total.

Source: Bangkok Post August 01, 2017 13:52 UTC