Approved measures include the exemption of import tariffs on wine, reducing excise taxes on wine and eliminating taxes on local spirits. The excise tax on entertainment venues will also be halved.
Analysts from CGS-CIMB Research, DBS Group Research, KGI Research and UOB Kay Hian are keeping their “add” and “buy” calls on Thai Beverage (SGX:Y92
) (ThaiBev) after the Thai government announced that it will be reducing its domestic alcohol tax for a year on Jan 2.
The move comes as the Thai government seeks to boost the country’s tourism and economy.
