Excise revenue exceeds target by 8.3 billion baht

Post Today•Economy•9h ago

Reader Briefing

Thai Excise Department reports significant revenue surplus driven by surge in vehicle purchases ahead of new tax regulations.

•The Thai Excise Department collected over 191 billion baht in the first four months of the 2026 fiscal year (October 2025 – January 2026).
•This revenue exceeded the budget estimate by 8.3 billion baht, a 5% surplus.
•A key driver for this excess revenue was the surge in vehicle purchases and imports before new tax structures took effect in January 2026.

•During the first 4 months of fiscal year 2026 (October 2025 – January 2026), the Excise Department collected revenue exceeding its estimates.
•The Excise Department collected over 191,000 million baht, surpassing the budget estimate by 8,300 million baht, a surplus of approximately 5%.
•The significant revenue growth was driven by the automotive sector, specifically increased car purchases and imports in late 2025 and early 2026.
•Consumers and car manufacturers accelerated purchases and deliveries before the new tax structure came into effect in January 2026.
•Cars priced at 1 million baht now face an increased tax of over 20,000 baht per unit due to the new tax structure.
•The new automotive tax structure emphasizes environmental factors, reducing CO2 emissions, with Electric Vehicles (BEV) taxed at 2% and PHEVs at 5-10%.
•Pornchai Theeravej, Director-General of the Excise Department, stated that exceeding revenue targets early in the fiscal year is a positive sign for national finances.
•The Excise Department is preparing new tax measures, including adjustments to cigarette taxes and energy policies, to enhance future revenue collection.

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Excise Department(กรมสรรพสามิต)ℹ️

The government agency responsible for collecting excise taxes in Thailand, which reported exceeding its revenue targets.

Pornchai Theeravej(พรชัย ฐีระเวช)

The Director-General of the Excise Department, who commented on the department's strong revenue performance.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)

The Deputy Prime Minister and Minister of Finance, who provided an economic outlook for Thailand.