Spirits were hit with a tax hikes by the authorities

Spirits were hit with a tax hikes by the authorities

Thailand has raised taxes on spirits but spared wine and beer from further increases, according to local reports.

The new excise tax, announed on Tuesday (21 August), increases the price of a litre of rice whiskey from THB120 (US$3.84) to THB150 and a litre of blended spirit from THB300 to THB350, the Bangkok Post reported.

The tax on brandy increased to 50% from 48%, the paper said. Wine and beer already hold a 50% excise tax, the maximum allowed, it said.

Taxes on cigarettes also increased, to 87%. Government ministers said the so-called “sin tax” will help deter from smoking and drinking, the Post reported.

Thailand is an attractive market for Scotch makers. Last year, Diageo said it was one of seven countries where its Johnnie Walker brand has "untapped potential".