Plans to reduce import duties on alcohol beverages and cigars in order to attract foreigners to Thailand


 

          On 14 September 2021, Thai Cabinet passed its resolution to reduce the import duty rate in order to facilitate and reduce the cost of bringing in alcohol beverages and cigars by 50 percent for 5 years in accordance with the Government’s plan on reviving the post COVID-19 economy.

          In addition , the new structure of excise tax levied on cigarettes is expected to come into effect and the tax rate on cigarette will be levied at 40% regardless of the retail price of the cigarette.

          In addition, the Customs Department is preparing to update the Notification regarding the customs formalities of personal belongings of passengers to be appropriate and up-to-date. This will revise the procedures for personal belongings for arrivals and departures by using the principle of considering the quantity or condition of imported or exported goods whether it is for personal use or not instead of considering the value of such goods.

 

Legal Insight Vol. October 2021 of Bangkok Global Law 

The PDF file can be downloaded via the link as set below. 

Plans to reduce import duties on alcohol beverages and cigars in order to attract foreigners to Thailand_Bangkok Global Law

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