GST, HVGT, could resurface as part of Budget 2025 alongside RON95 rationalisation, says RHB analyst. Are we ready?
Home News Auto News Thailand Slashes Excise Duties For Eco-Friendly Cars, Again Thailand Slashes Excise Duties For Eco-Friendly Cars, Again Auto News Hans | October 18, 2024 03:40 pm The government of Thailand announced yesterday that it has gazetted a new excise duty structure for motor vehicles, reports Thailand’s Bangkok Post. This is the second revision in less than two years. Earlier in January 2016, Thailand abolished the previous engine capacity dependent-only excise duty structure with one that also takes into consideration CO2 emissions. The revised structure raised taxes on high CO2 emitting vehicles like pick-up trucks and truck-based SUV models like the Toyota Fortuner increased by between 3 to 5 percent. At the same time, excise duties for low CO2 emitting passenger cars, especially those that can run on E85 gasohol or are locally-assembled hybrids, were slashed by between 15 to 20 percent. This second revision saw a further reduction in taxes, with the biggest beneficiary being locally-assembled full-electric vehicles – none of which exist in Thailand at the moment. Excise duties for full-electric vehicles have been slashed to a nominal value of just 2 percent. However, this arrangement will expire in 2025. On top of this, investments to produce 10 key components for the production of electric vehicles - batteries, traction motors, battery management services, DC/DC converters, inverters, portable electric vehicle chargers, electrical circuit breakers and EV smart charging systems – will enjoy corporate tax exemption for eight years. According to Bangkok Post, the new excise duty structure will also take into account production technology employed. Table by BangkokPost.com. Passenger cars that emit no more than 100 g/km of CO2, as well as those emitting between 101 – 150 g/km of CO2, also had its excise duty slashed by half. Those CO2 emissions figures are typically achieved by hybrid or plug-in hybrid vehicles, so this should benefit cars like the Toyota Camry Hybrid, Honda Accord Plug-in Hybrid, and Mercedes-Benz C350e – all of which are currently assembled in Thailand. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags thailand Print Related News Thai Auto Industry: Five-year Car Ownership Period Too Long Insights Hans | September 02, 2015 In a bid to boost sluggish sales and to address ill-effects of the poorly thought out First-time Car Buyers Scheme, Thailand’s Excise Department and ... Eco-Stickers Now Compulsory For All New Vehicles Sold In Thailand Auto News Hans | September 10, 2015 Starting 1-October 2015, all new cars (including pick-up trucks) sold in Thailand must have an ‘eco-sticker’ affixed on the front windscreen, ... Thailand Grants Volkswagen Approval To Build Production Plant Auto News Gerard | February 24, 2015 After months of delay, Volkswagen has finally gained the approval from authorities in Thailand to build its first ASEAN production plant near ... Sime Darby Opens Third Ford Showroom In Thailand Auto News Hans | June 26, 2015 Sime Darby Vantage (Thailand) Co., Ltd., a division of Malaysia's Sime Darby Motors has opened its third Ford showroom, Ford Sime Darby Charoen ... Comments
Thailand Slashes Excise Duties For Eco-Friendly Cars, Again Auto News Hans | October 18, 2024 03:40 pm The government of Thailand announced yesterday that it has gazetted a new excise duty structure for motor vehicles, reports Thailand’s Bangkok Post. This is the second revision in less than two years. Earlier in January 2016, Thailand abolished the previous engine capacity dependent-only excise duty structure with one that also takes into consideration CO2 emissions. The revised structure raised taxes on high CO2 emitting vehicles like pick-up trucks and truck-based SUV models like the Toyota Fortuner increased by between 3 to 5 percent. At the same time, excise duties for low CO2 emitting passenger cars, especially those that can run on E85 gasohol or are locally-assembled hybrids, were slashed by between 15 to 20 percent. This second revision saw a further reduction in taxes, with the biggest beneficiary being locally-assembled full-electric vehicles – none of which exist in Thailand at the moment. Excise duties for full-electric vehicles have been slashed to a nominal value of just 2 percent. However, this arrangement will expire in 2025. On top of this, investments to produce 10 key components for the production of electric vehicles - batteries, traction motors, battery management services, DC/DC converters, inverters, portable electric vehicle chargers, electrical circuit breakers and EV smart charging systems – will enjoy corporate tax exemption for eight years. According to Bangkok Post, the new excise duty structure will also take into account production technology employed. Table by BangkokPost.com. Passenger cars that emit no more than 100 g/km of CO2, as well as those emitting between 101 – 150 g/km of CO2, also had its excise duty slashed by half. Those CO2 emissions figures are typically achieved by hybrid or plug-in hybrid vehicles, so this should benefit cars like the Toyota Camry Hybrid, Honda Accord Plug-in Hybrid, and Mercedes-Benz C350e – all of which are currently assembled in Thailand. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags thailand
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Thai Auto Industry: Five-year Car Ownership Period Too Long Insights Hans | September 02, 2015 In a bid to boost sluggish sales and to address ill-effects of the poorly thought out First-time Car Buyers Scheme, Thailand’s Excise Department and ...
Eco-Stickers Now Compulsory For All New Vehicles Sold In Thailand Auto News Hans | September 10, 2015 Starting 1-October 2015, all new cars (including pick-up trucks) sold in Thailand must have an ‘eco-sticker’ affixed on the front windscreen, ...
Thailand Grants Volkswagen Approval To Build Production Plant Auto News Gerard | February 24, 2015 After months of delay, Volkswagen has finally gained the approval from authorities in Thailand to build its first ASEAN production plant near ...
Sime Darby Opens Third Ford Showroom In Thailand Auto News Hans | June 26, 2015 Sime Darby Vantage (Thailand) Co., Ltd., a division of Malaysia's Sime Darby Motors has opened its third Ford showroom, Ford Sime Darby Charoen ...