- Aug 25, 2022
- Posted by: admin
- Category: Abstract of 5th-icbmf
Proceedings of The 5th International Conference on Business, Management and Finance
Measurement of The Excise Tax on Electricity Generation in Thailand
With the natural gas supply situation in the country declined. Due to the transition period of natural gas supply concessions in the Gulf of Thailand, this makes it necessary to import liquefied natural gas (LNG) to be converted to natural gas as the main fuel for electricity generation. But due to the natural gas price in the world market tends to increase continuously. As a result, it is necessary to replace diesel and fuel oil for electricity generation. To diminish the burden and help alleviate the suffering of the people during the period of economic stagnation from the economic impact during the country still faced with the epidemic situation of the Coronavirus Disease 2019 cost of living adjust high. Hence, it is necessary to use excise tax measures as a mechanism to control the price of oil that will be used as a substitute for natural gas in electricity generation, which will affect the cost of electricity production. By reducing the excise tax rate on diesel products with sulfur content exceeding and not exceeding 0.005% by weight (B0) and fuel oil used in electricity generation by requiring excise tax to be collected at a zero rate.
keywords: Excise Tax, Diesel, Electricity, Oil price, Regulation .