Finance Ministry delays new auto tax scheme

Published on April 3, 2012 by TFP   ·   No Comments

BANGKOK, 3 April 2012 – The Finance Ministry has delayed the new auto tax scheme, as the government still has not finalized the emission standard criteria.



Permanent Secretary for Finance Areepong Bhoocha-oom has revealed that the new tax structure, which was scheduled to take effect on March 31st, has been postponed indefinitely. He said the Excise Department and automakers are still discussing the details of the criteria for vehicle categories.



The government has planned to adjust the tax structure based on three guidelines: energy saving, environmental friendly, and alternative energy usage. Mr Areepong said the carbon emission amount of each vehicle will indicate how much the tax would be. Vehicles that produce higher carbon emission will be subject to higher tax.



He said the Ministry is also looking to avoid negative impacts on both carmakers and the government’s tax collection from the new tax structure.

(NNT : Nuttaporn Chanchokpong)

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