31.2 C
Bangkok
Friday, May 3, 2024

Sugary drinks keep their fizz despite tax

Beverages stacked up at a convenience store. The government has enforced a sugar-based excise tax on beverages since 2017. (Bangkok Post file photo)

The third stage of the excise tax hike for sugar-sweetened beverages comes into effect on April 1 after a six-month government postponement expires.

Nutthakorn Utensute, the Excise Department’s principal advisor on excise control system development, believes the tax hike based on sugar content will not increase costs for manufacturers of sugary drinks or consumers as producers have already adjusted their recipes to avoid the tax.

The amended excise tax structure on beverages came into force in 2017, adding a levy on sugar content on top of the excise duty charged to beverages.

The…

Read more…

Latest Articles