Excise Tax Calculation for Golf Course Business in Thailand.
Excise tax is a tax levied on goods and services under the Excise Tax Act B.E. 2560 and the Ministerial Regulations on Excise Tax Rates B.E. 2560.
Golf courses are considered business which has an impact on the environment. Therefore, this business is subject to excise tax under tariff No. 19.01 at a rate of 10%, plus a local tax of 10% of the excise tax rate, which is 11% of golf course membership fees and Green fees
Example of excise tax calculation for golf course.
Ex 1. Green Fee for Holiday 18 holes Price 1,500 baht (Price including excise tax and value added tax (VAT))
Green fee including excise tax before VAT = 1,401.87 (1,500*100/107)
VAT = 98.13 (1,500*7/107)
Total 1,500.00
Excise tax rate including local tax = 11%
Green fee including excise tax = 1,401.87 baht
Excise tax = 154.21 baht (1,401.87*11/100)
Green fee excluding excise tax = 1,247.66 baht (1,401.87-154.21
"First Time at Golf Course"
Ex 2. Green Fee for Holiday 18 holes Price 1,247.66 baht (Price is not include excise tax and value added tax (VAT))
Green fee (89%) + Excise tax (11%) = 100%
1,247.66 (89%) + Excise tax (11%) = 100%
Excise tax = 154.21 baht (1,247.66 * 0.11)/0.89)
VAT = 98.13 baht (1,247.66+154.21)*7/100
Green fee including Excise Tax including VAT = 1,500 baht.
For other service fees that come with the golf service fee, such as caddy fee, golf cart fee, there are subject to VAT but no excise tax.
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