Car and beer sales are recovering vigorously, resulting in a surge of excise tax revenue collection by the Excise Department from the two products for the first five months of fiscal 2021.
Lavaron Sangsnit, director-general of the Excise Department, said the overall economy has gradually recovered as reflected by the department’s tax revenue collection in the first five months of fiscal 2021 (October 2020-February 2021) which tallied 233 billion baht.
Despite a 9.44% year-on-year decrease from the same period of the previous fiscal year, Mr Lavaron said the department’s tax revenue collection remained 1.12% higher than the revised target.
The largest sources of excise tax as a percentage of the total excise revenue in fiscal 2020 were fuel (41%), automobiles (15.5%), beer (14.5%), liquor (11%), tobacco (11%) and beverage (4.5%).
In the first five months of this…
