NewzThe National Electric Vehicle Policy Committee, also known as the EV Board, has approved a new three-tier excise tax structure for electric vehicles. This policy shift establishes differentiated tax rates based on the manufacturing and import status of the vehicles.
Under the new framework, the highest excise tax rate will be applied to completely built-up (CBU) electric vehicle imports. The measure is intended to regulate the tax landscape for the growing electric vehicle market in Thailand.
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