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Immediate effect on tobacco excise tax hike

Thailand’s excise tax on tobacco products is raised from 87 per cent to 90 per cent with immediate effect.

The Cabinet approved the Finance Ministry’s move yesterday, aimed at raising tax revenue by about Bt15 billion per annum from Bt60 billion.

The tax hike is expected to raise retail cigarette prices by Bt5-Bt10 per pack.

The higher tax rate is also expected to reduce the number of smokers. According to Thai Health Promotion Foundation, there are about 12 million smokers in Thailand.

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