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Sunday, May 5, 2024

Tax exemption for alcohol extended to mid-2021

The Excise Department has extended an excise tax exemption applied for alcohol used for cleaning to mid-2021 to lower the tax burden for producers.

Approved on Dec 23, the move extends the excise tax exemption for cleaning alcohol to June 2021. The exemption has been effective since March when the Covid-19 outbreak surged.

The objective is to reduce the excise tax burden shouldered by manufacturers and support the public in safeguarding against Covid-19 through the use of cleansing alcohol products, said director-general Lavaron Sangsnit.

Mr Lavaron said production of pure cleaning alcohol is sufficient for domestic demand, with capacity at 2.32 million litres per day.

Major manufacturers of pure cleansing alcohol include the Liquor Distillery Organisation (LDO), producers of distilled spirits with a strength of 80 degrees or more, and a group of industrial…

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