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Tobacco lowers cigarette prices to escape death Diode if state collects traditional taxes May have to close factory
On November 12, Mr. Panupon Ratanakanjanaphat The Governor of the Tobacco Authority of Thailand (CAT) said he was ready to discuss with Mr. Arkom Termpithayapaisit, Minister of Finance in December. Consider for excise duties on cigarettes 2, the new structure rates are 20% and 40%.
That if the original structure is announced AND if it is stored at the same rate of 40% on October 1, 2021, the tobacco will not be able to continue operating. And it may have to shut down the plant. Tobacco benefits from cigarette sales at the current tax rate of 67 satang per pack, up from 7 baht per pack.
For the proposals for excise taxes on cigarettes 2, the new structure will keep storage rates at 20% and 40% the same, but will consider all five elements: 1. The new tax structure will not only make tobacco survive. But the tobacco industry and the private sector will outlive them all
2. The collection of the special tax will not decrease. 3. Operators involved. As a trader Drug leaf growers have increased their income 4. The funds will receive the same allocated funds as SSS 5. No more people will smoke.
Panupol went on to say that if the new tax structure is approved in the next year Tobacco will be able to launch new products with a sale price of less than 60 baht and remain profitable.
“Current tax structure Tobacco remains 100% strong. In 2020, gains of more than 900 million baht due to austerity policy to reduce costs, but if the tax moves to a flat rate of 40%, tobacco will not It will be sold. The factory must be closed. Because the price of cigarettes must go up To raise money to pay taxes I can’t survive “
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