EXCISE TAX HARMONIZATION IN ASEAN

Abstract

This paper aims to seek guidelines for developing the system of excise tax collection in the ASEAN member states and compare them to those used in the EU. The study focuses on the prescription of tax bases, tax rates, and tax calculation approaches in Thailand and other AEC Members. It also aims to scrutinize the feasibility of the harmonization of excise tax laws and regulations amongst the ASEAN member states which convey the idea of creating a single market within the AEC. The study illustrates the significant of excise tax system disparities amongst the ASEAN member states and leads to the conclusion that the revision and harmonization of excise tax systems within the region are needed. Furthermore, Thailand, as one of the ASEAN member states, needs to revise and amend the Excise Tax Act B.E. 2560 on the issues of tax base, tax rate, and tax calculation approach accordingly.