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Call for auto taxes to match global shift

Bangkok Post LogoBangkok Post5d ago

Call for auto taxes to match global shift - Bangkok Post

Quick Summary:

The structure of Thailand's automotive excise taxes must align with global trends, particularly the shift towards the electric vehicle (EV) industry, says Deputy Finance Minister Paopoom Rojanasakul.

PHEVs with an electric range of 80km or more and a fuel tank capacity of 45 litres or less are taxed 5%, while those with a range of less than 80 km and a tank capacity greater than 45 litres are taxed 10%.

Referring to competition in the auto industry, he said "the dust has not yet settled", as either battery electric vehicles (BEVs) or plug-in hybrid electric vehicles (PHEVs) could become the market leader.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 05:10:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23502651

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About Bangkok Post

Bangkok Post Logo

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 13 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 10 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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