The Deputy Minister of Finance has announced the launch of the "One Community, One Excise Champion" project, which focuses on supporting local liquor producers and boosting the community economy by using excise tax as a development tool.
The five main pillars of the project include :
This project is expected to increase income and create sustainability for Thai communities. Additionally, it creates opportunities for competition in the global market, especially in the liquor and food industries. The reduction of the local fermented liquor tax rate from 10% to 0% helps lower costs for entrepreneurs, thereby increasing competitiveness. This initiative is vital for the community economy and creating a favorable business environment, enabling entrepreneurs to access funding and sustainable development approaches, and improving the image of Thai products in the international market.
For More information : Government Spokesperson's Office, Secretariat of the Prime Minister
Link : www.thaigov.go.th