Picture courtesy of Bangkok Post
Thailand is set to implement a carbon tax this year, Deputy Finance Minister Paopoom Rojanasakul announced at the Road to Net Zero 2024: The Extraordinary Green event.
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Thailand is set to implement a carbon tax this year, Deputy Finance Minister Paopoom Rojanasakul announced at the Road to Net Zero 2024: The Extraordinary Green event.
The Finance Ministry plans to propose the carbon tax measure to the Cabinet for approval soon, with the goal of rolling it out in the coming months.
Paopoom explained that this measure aims to encourage businesses to reduce their carbon emissions without placing an additional burden on the public. He provided an example involving the combustion of all types of fuel oil, which contributes to atmospheric carbon emissions.
If the carbon tax is enacted, the current excise tax rate of 6 baht per litre will remain unchanged. However, the Excise Department will divide this tax into two parts: 5 baht as the excise tax and 1 baht as the carbon tax.
Under this structure, fuel users will not…