Thailand to increase tax on EV imports, official says
- BANGKOK: Thailand's electric vehicle board has agreed to increase excise tax on EV imports to promote investment in domestic auto manufacturing, a finance official said on Thursday (Sep 10).
- Fully imported vehicles (CBUs) will face the highest tax rate, above the current 10 per cent excise tax, Pornchai Thiraveja said.
- A lower tax rate will apply to vehicles imported for testing purposes and to those imported for local assembly or production, according to Pornchai.
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- BANGKOK: Thailand's electric vehicle board has agreed to increase excise tax on EV imports to promote investment in domestic auto manufacturing, a finance official said on Thursday (Sep 10).
- Fully imported vehicles (CBUs) will face the highest tax rate, above the current 10 per cent excise tax, Pornchai Thiraveja said.
- A lower tax rate will apply to vehicles imported for testing purposes and to those imported for local assembly or production, according to Pornchai.
Sources: CNA