Thai Automotive IndustryThai Economy News

Car tax study

The National Economic and Social Development Board will study how to ensure that incentives and policies for the automobile industry move in line with the country’s future energy policies. Finance Minister Korn Chatikavanij and Industry Minister Charnchai Chairungruang discussed auto taxes yesterday. The NESDB study is expected to be completed next month. Excise taxes for the industry are currently based on vehicle type and engine size, with lower rates available for cars using ethanol-based fuels or hybrid technology. (Bangkok Post)

ThaiVest Editorial Team

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