Finance Ministry plans rejig of fuel excise tax
The Finance Ministry wants to revamp the structure of the excise tax on fuels to base it on carbon dioxide (CO2) emissions, with the aim of reducing greenhouse gas emissions to protect the environment.
Finance Minister Uttama Savanayana delegated the Fiscal Policy Office and the Excise Department to jointly carry out a study of the potential excise tax rejig, said a source familiar with the matter.
The move is aimed at conserving the environment rather than boosting tax income, the source said.
Wichit Chantanusornsiri
