Thailand Set to Approve Higher EV Import Tax Tuesday
6 Articles
6 Articles
The government has restructured the excise tax on imported BEVs and REEVs to 35%, hoping to incentivize automakers to invest in Thai production, increase the use of domestically produced parts, and create fair competition.
Ekniti revealed that the Cabinet has increased the excise tax on imported BEVs and REEVs to 35%, effective January 1, 2027, hoping to maintain domestic production base and employment. The Excise Department will also negotiate special rates for new investments. The post Cabinet approves increase in BEV and REEV import tax to 35%, effective January 1, 2027, to maintain Thai production base appeared first on Business Online Stock News.
Varawut revealed that he has proposed to the Cabinet to consider imposing excise tax on imported "electric vehicles" to help domestic manufacturers and ensure fair competition. He is confident that this will attract investors because Thailand is a key manufacturing base for electric components. This was announced at 8:20 AM on November 3rd at the Montathip International Convention Center.
Varawut proposes to the Cabinet to consider collecting excise tax on imported electric vehicles (EVs) to help domestic manufacturers and ensure fair competition. He is confident that this will attract investors because Thailand is a key manufacturing base for EVs. Mr. Varawut Silpa-archa, Minister of Industry, stated… Read original news: Ministry of Industry proposes to the Cabinet to consider collecting excise tax on imported EVs to help Thai m…
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