Thailand's carbon levy slated for 2025. (Photo: Thailand.go.th)
Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”. Ekniti Nitithanprapas, the head of Thailand's Excise Department, emphasized that the carbon tax will not impact the public.
Carbon tax targets oil sector
Thailand's carbon tax will initially be levied on the oil sector and is expected not to increase the overall tax burden on oils, as the new legislation will only convert a portion of the existing oil tax into a carbon tax. As a result, the general public is unlikely to be affected.
