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Thai Winemakers Want Excise Taxes Slashed.
Byline: Nareerat Wiriyapong
Aug. 1--Five major local winemakers will jointly ask the Finance Ministry to more than halve the excise tax on locally-made grape wine to make their products competitive with imports.
Kim Wachtveitl, business development director of Siam Winery Trading Plus, said the current excise tax of 60 percent -- more than 100 baht per bottle -- was very high, barring Thai-made wine from competing effectively in the local market.
The high tax applies because grape wine is considered a luxury. Wines from other fruits are taxed at 25 percent.
Meanwhile, some imports are being smuggled into Thailand and have become popular among Thai consumers.
Siam Winery is mapping a joint strategy with four other local grape wine makers -- Khao Yai Winery, Chateau de Loei, Chateau de Chalawan and Wang Nam Kiew Winery. They plan to discuss the matter with the Finance Ministry sometime soon, he said.
"Even if the tax is revised down to 25 percent, it will still be too high for Thai grape wines to compete in the Thai market," Mr Wachtveitl said.
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