Thailand Plans Carbon Tax of 200 Baht Per Tonne
Thailand's Excise Department proposed a carbon tax of 200 baht per tonne to promote green practices. Director General Ekniti Nitithanprapas says the tax, pending approval, could start by fiscal 2025. For example, one litre of diesel would see an additional 0.46-baht carbon tax.
The Excise Department of Thailand has proposed a carbon tax based on carbon dioxide emissions from fuel products.
Director General Ekniti Nitithanprapas announced the tax would be 200 baht per tonne of carbon, similar to the rate in Singapore.
The tax aims to promote environmentally friendly practices among the government and private sectors.
The tax is expected to be implemented after receiving approval from the Finance Ministry and Cabinet, potentially by fiscal 2025.
For example, one litre of diesel, emitting 0.0026 tonnes of carbon dioxide, would incur a carbon tax of 0.46 baht in addition to the existing 6.44-baht excise tax.
Director General Ekniti Nitithanprapas announced the tax would be 200 baht per tonne of carbon, similar to the rate in Singapore.
The tax aims to promote environmentally friendly practices among the government and private sectors.
The tax is expected to be implemented after receiving approval from the Finance Ministry and Cabinet, potentially by fiscal 2025.
For example, one litre of diesel, emitting 0.0026 tonnes of carbon dioxide, would incur a carbon tax of 0.46 baht in addition to the existing 6.44-baht excise tax.
