AUTOMOBILES
First-time buyer scheme nears 1.3 million applications
- Published: 29 Dec 2012 at 00.00
- Newspaper section: Business
The first-time car buyer scheme may reach 1.3 million units and nearly 100 billion baht in tax rebates, says the Excise Department.
A senior Finance Ministry official said applications had reached 1,194,000 as of yesterday, with tax rebates totalling 86.8 billion baht.
If the scheme breaks through 1.3 million, then tax rebates will increase to 91 billion baht on the assumption the scheme costs 70,000 baht per vehicle.
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