Excise Department to conclude EV tax rules soon

Excise Department to conclude EV tax rules soon

The Excise Department expects to conclude a tax structure for electric vehicles (EVs) in the next couple of months, says its newly appointed head.

"A new working panel chaired by me has been set up, and I confirm taxes for EVs will not be delayed, and should become clearer in the next 1-2 months as operators want need some guidance to plan their investment," said director-general of the Excise Department Patchara Anuntasilpa.

Last week he met with excise officials and EV producers to discuss plans to promote such vehicle production as part of the government's effort to turn Thailand into a global production hub for EVs.

The plan must align with government strategy, which is that EV investment will add value to other industries such as electric trains and drones, said Mr Patchara.

However, the impact from supporting EVs and other types of vehicles must be considered, he said.

Commenting on a recent report that EVs will be taxed 2%, Mr Patchara said such a figure is just a guess and a decision has not been made on the excise tax.

An automaker source who requested anonymity said the Excise Department has discussed the issue with manufacturers for a while, with a decision date originally set for September.

The change in the department's head delayed the decision, said the source.

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