In order to increase competitiveness in the manufacture of alcoholic beverages, the Ministry of Finance has issued the new Ministerial Regulation on the Manufacturing of Alcoholic Beverages which, subject to certain conditions and the approval of the Director General of the Excise Department, allow the manufacture of alcoholic beverages for purposes other than commercial. The regulation also eliminates certain requirement for business operators who wish to manufacture alcoholic beverages for commercial purposes, especially beer. Read…
Notifications by the Excise Department have introduced the ADAS requirements as a new condition to apply lower excise tax rates on BEVs along with detailed requirements on the use of domestically manufactured batteries. In this newsletter, we summarize the requirements of ADAS to determine excise tax rates for BEVs. Read more…