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.
Vehicles manufactured in Thailand with the use of local content will be subject to the lowest tax rate, he said.
A grace period will give automakers time to adapt to the new tax…
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