Tax reforms in the automobile sector are unlikely to have a negative impact but would set a new direction for the industry for the next 10 years, according to Excise Department director- general Pongpanu Svetarundra. He said the new tax structure was meant to motivate companies to develop more environment-friendly technology, which should not require more than three years of lead time. New tax rates would be based more on fuel efficiency and emissions instead of engine size as in the past,officials have said.
The Finance, Energy and Industry ministries will review the changes and later to submitted to the cabinet for approval.friendly technology, which should not require more than three years of lead time. New tax rates would be based more on fuel efficiency and emissions instead of engine size as in the past,officials have said. The Finance, Energy and Industry ministries will review the changes and later to submitted to the cabinet for approval. (Bangkok Post)
