This photo illustration shows baht banknotes. (Photo: AFP)
The Excise Department collected 198 billion baht in revenue during the first five months of fiscal 2023, down from 230 billion during the same period last year, attributed to the continued diesel excise tax cut, according to deputy director-general Kriengkrai Pattanaporn.
In March, the government resolved to extend the period for the excise tax reduction for diesel by 5 baht per litre for another two months from May 20 to mitigate the impact of rising living costs on the public.
The cut in the diesel excise tax is estimated to cost the department around 10 billion baht a month.
Mr Kriengkrai said on Friday that the top five excise tax revenue contributors for the first…
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