Siam Trade Development: Your Source for Wine Excise Tax in Thailand
From 22 february 2024 the new Excise rate for alcoholic beverages including wine is effective. A notification namely “Determining Excise Tax Rates (n. 39) – 2024, by virtue of Section 5, paragraph 1, of the Excise Tax Act B.E. 2017 issued by minister of Finance, defines the nex Wine Excise Tax rates for Category 13.01, Section 12.
At Siam Trade Development, we are committed to keeping you informed about the latest updates regarding the excise tax rates on wine imported into Thailand. As of the most recent update, we are pleased to announce the new excise rates for wine, which are crucial for importers, distributors, and enthusiasts alike.
New Wine Excise Tax Rates in Thailand
In response to changing market dynamics and economic factors, the Thai government has revised the excise tax rates for wine imports. These adjustments aim to ensure fairness and balance within the industry while promoting economic growth and consumer welfare.
To help you navigate these changes effectively, we have compiled the latest excise tax rates into a convenient table below:
| Drink type – Section 13.01 |
By value |
Unit |
By Unit |
||
| Beer |
22 |
One liter of pure alcohol |
430 |
||
| Wine made from grape |
5 |
1000 |
|||
| Fruit-soaked liquor containing grape or wine made from grape with more than 7 degrees |
0 |
900 |
|||
| Local liquors from rice, less than 7 degrees |
0 |
150 |
|||
| Soaked liquors mixed with distilled liquor, more than 7 degrees |
10 |
250 |
|||
| Infused liquors and others |
10 |
150 |
|||
Table: New Excise Tax Rates for Wine Imported into Thailand
As you can see, these rates reflect the government’s efforts to maintain a competitive and thriving wine market while also meeting revenue objectives.
Remainder of Additional Local Tax
It is important to note that while the excise tax rates have been updated, the additional local tax calculated over excise of 17.5% remains unchanged. This tax continues to be an integral part of the overall taxation structure for wine imports in Thailand.
In conclusion, staying informed about the latest excise tax rates is essential for businesses and individuals involved in the wine industry. At Siam Development, we are dedicated to providing accurate and up-to-date information to help you make informed decisions and navigate the regulatory landscape effectively.
This article integrates the previous on Wine Import Duty Tax here: https://www.siamdevelopment.com/duty-exemption-on-wine-in-thailand-effective-from-today/
And other previous articles on Alcohol Import in Thailand: https://www.siamdevelopment.com/changes-in-policies-in-wine-taxation-in-thailand/
For further inquiries or assistance regarding wine imports and taxation in Thailand, please don’t hesitate to contact us. We are here to support you every step of the way. Thank you for choosing Siam Trade Development as your trusted partner in the world of wine commerce.
