According to Excise Department director-general Ekniti Nitithanprapas, it is inevitable Thailand will introduce a carbon tax to match the global trend. EU members are among the first countries to impose the tax, slated for next year, beginning with products or processes with high carbon dioxide emissions. In the global market there are two ways to impose the carbon tax: a levy on carbon dioxide-emitting products, or on factories' production processes that emit carbon dioxide. The introduction of a carbon tax also serves the department's policy of promoting the environmental, social and governance (ESG) concept in its tax measures. In addition, Mr Ekniti disclosed the department plans to study tax measures to support the production of bioplastics, bio jet fuel and environmentally friendly batteries. In the future, the department might lower the excise tax on recyclable EV batteries to 2%.

Source: Bangkok Post