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Hot News: Stare Pay Tax 0% Beer
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Stare Pay Tax 0% Beer

Treasury 'aim' to collect excise tax on non-alcoholic beer (0% beer) directly, want to create a fair, tax system And prevent youth groups from experimenting with 0% more beer, even without alcohol At present, 0% of beer still imposes a low tax rate of only 14% of the retail price equal to the soft drink tax. Mixed alcoholic beverages are less than 0.5%, making it impossible to charge taxes like ordinary beer that is taxed. 22% of the retail price Plus tax, alcohol degree

Mr. Phachara Anantasilp, Director-General of the Excise Department, revealed that he was discussing with the Ministry of Finance. To request to open a new tariff For collecting excise tax on beer without alcohol (0% beer) directly because it wants to create fairness in the tax system And prevent youth groups from experimenting with 0% more beer, even without alcohol At present, 0% of beer still imposes a low tax rate of only 14% of the retail price. Which with soft drinks taxes Because it is a mixed alcoholic beverage that is less than 0.5% and therefore cannot be levied as taxable beer 22% of the retail price Plus tax, alcohol degree

According to the Department's survey, there are currently 0% beer sold in the market, priced from 39-99 baht per can. By paying taxes on soft drinks At a rate of about 14% tax or 5-12 baht per tin can per tax But if the tax is equal to the general beer May have to pay more taxes all over and causing the selling price to increase

"Therefore, the Department must consider opening new tariffs higher than general beverage groups. But may not be as high as beer or alcoholic beverages Which the Ministry of Finance is now aware of Only notifying that they must be considered carefully, which should be clear after the Songkran festival, "said Pachara.

There are currently 0% beer coming to market in many Thai brands. And have already started production in Thailand The Ministry of Public Health is concerned about this type of beverage. Therefore banned from being called beer And not to advertise that it is a beer But called malt drinks instead In order to not encourage people to drink more beer

The Director-General further said that he personally agreed that new taxation should be improved. Because anyway, if people try to drink 0% beer and like it, they may develop beer Or other alcoholic beverages Which would be a punishment for the body and a public health problem

If re-opening the drink with less than 0.5% alcohol content for 0% tax on beer, then must see whether it will affect other products as well. Because there are currently some drugs such as cough medicine, diarrhea, alcoholic ingredients If it is taxed, how will it affect? Therefore, the Ministry of Finance therefore has to study the details clearly. Before the opening of the new tariff, which the Department can propose to the Treasury to consider issuing a Ministerial Regulation for immediate use

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Bangkok Bank reports first quarter 2019 net profit of Baht 9,028 m.

Thailands economic growth in 2019 is expected to be 3.8 percent,decreasing from 4.1 percent in 2018. Amid slower world trade and risks from the US trade policies, exports declined for the first two months of the year. This has squeezed manufacturing production of export-oriented sectors, which has led to the fall in overall domestic production activity. Nevertheless,privateconsumption continued toexpand in line with continuousimprovement infarmincome.Going forward, although downside risks to Thailands economic growth are greater given weaker globaleconomy, public policy continuityincluding the implementation of infrastructure projects such as the Eastern Economic Corridor (EEC)will be key to underpinning private sector sentiment. Moreover, policies to improve household purchasing powerwhich are likely to be implemented by the incoming governmentwill, to some extent, provide additional support to domestic consumption. Bangkok Bank and its subsidiaries reported a net profit attributable to owners of the Bank of Baht 9,028 million, a slightincrease of 0.3 percent from the first quarter of 2018. Net interest income increased by 6.9 percent and net interest margin increased from 2.34 percent to 2.48 percent. Non-interest income decreased by 28.3 percent due mainly to declines in gains on investments and net fees and service income. The decrease in net fees and service income was due to the exemption of transaction fees via digital channels and lower fees from loan-related services.Operating expenses declined by 3.1 percent and the ratio of expense to operating income stood at42.6 percent.

At the end of March 2019, the Banks loans amounted to Baht 2,029,810 million, a decrease of 2.6 percent from the end of 2018 mainly due to the decline in loans to businesses and consumers. The ratio of non-performing loan (NPL) to total loans was3.5 percent, while the ratio of loan loss reserves to NPL was 189.0 percent.

In terms of capital, asper the Bank of Thailand (BOT) announcement of the guidelines for identifying and regulating Domestic Systemically Important Banks (D-SIBs),Bangkok Bank, which is classified as a D-SIB, is required by the BOT to have additional capital to meet the Higher Loss Absorbency (HLA) requirement, which raises the Common Equity Tier 1 ratio by 1.0 percent, beginning with a 0.5 percent increasing from January 1, 2019, rising to 1.0 percent from January 1, 2020 onwards. For the Bank, with the inclusion of net profit for the six months from July to December 2018 and net profit for the first quarter of 2019 minus the May 2019 dividend payment, the total capital adequacy ratio, the Common Equity Tier 1 capital adequacy ratio and the Tier 1 capital adequacy ratio of the Bank and its subsidiaries would be approximately 18.9percent, 17.4percent and 17.4 percent, respectively.These capital adequacy ratios are above the Bank of Thailands minimum capital requirements and satisfy capital buffer requirement as per the guidelines on D-SIBs.

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