Excise mulls delaying drink tax hike
Deferment aims to reduce financial burden for makers of sugary beverages
The Excise Department is considering freezing the step-up hike of the excise levy placed on drinks with a sugar-based sweetener to reduce business operators’ financial burdens.
The amended excise tax structure on beverages came into force in 2017, adding a levy to sugar-based sweeteners on top of the excise duty charged on beverages.
The added excise tax on sugar-based sweetener gradually increases over four phases, intended to help entrepreneurs adjust to the higher tax burden, said Lavaron Sangsnit,…
