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Thailand is preparing to join the league of countries implementing a carbon tax. Ekniti Nitithanprapas, the Director of the Excise Department at the Ministry of Finance, revealed that the department has been collaborating with both domestic and international organizations to draft carbon tax regulations. The data collection process is expected to be completed by the end of this year (2024).
The Excise Department is referencing the World Bank's "Carbon Tax Guide: Handbook for Policy Makers" as a foundation for formulating relevant regulations. The guide's five major categories are being followed to structure the rules of the carbon tax:
