BANGKOK: A controversial tax exemption on imported wine in Thailand has led to a significant increase in consumption, particularly among high-income earners, while costing the government millions in lost revenue and imposing substantial social burdens.
A study conducted by Assistant Professor Mana Laksamee-arunothai and Associate Professor Chidtawan Chanakul from Kasetsart University’s Faculty of Economics reveals that the policy, implemented in early 2024, reduced customs duties from 54 to 60 per cent and lowered excise tax.
