B91bn in tax rebates for first-time car buyer scheme

REVENUE

B91bn in tax rebates for first-time car buyer scheme

Published: 12 Jan 2013 at 00.00
Newspaper section: Business

The Excise Department reckons more than 90 billion baht in tax rebates to first-time car buyers will be made over the next three years.

Director-general Somchai Pulsawas said a total of 1.25 million cars and trucks were sold under the first-time car buyer scheme, launched in late 2011 as an initiative to help boost auto sales in the wake of widespread flooding in Greater Bangkok.

The programme, which offered tax rebates of up to 100,000 baht for small-engine passenger cars and pickup trucks, ended on Dec 31.

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christhai
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Discussion 4 : 12 Jan 2013 at 16.454
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Talk about Education and "Global Warming" !!
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buster
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Discussion 3 : 12 Jan 2013 at 14.303
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something doesn't match up.
pay-out on condition of a year ownership and a promise???????? NOT to sell the car within 5 years?
Or else? what?
logical step would be stashing the money on interest, and pay-out after 5 years same ownership.right?
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cinbkk
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Discussion 2 : 12 Jan 2013 at 09.492
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It's frightening to think that more than 20% of the country's tax budget will be spent on compensating people for putting more cars on the road. A shocking waste of money and a nonsensical policy from a dysfunctional government.
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jacksprat
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Discussion 1 : 12 Jan 2013 at 08.471
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Finally a solution to the traffic problem! There will be so many cars on the road that no one will be able to go anywhere and everyone will have to stay home.
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B91bn in tax rebates for first-time car buyer scheme | Bangkok Post: business