Customs Revenue Hits 1.91 Lakh Crore Baht, Exceeding Target

Prachachat•Economy•9h ago

Reader Briefing

Thailand's Customs Department collected 191 billion baht in the first four months of fiscal year 2026, surpassing its target by 8.3 billion baht, primarily due to increased vehicle production and purchases before new tax adjustments.

•The Customs Department's revenue for the first four months of fiscal year 2026 (October 2025 - January 2026) reached 191 billion baht, exceeding projections by 8.3 billion baht (5%).
•The surge in revenue was driven by heightened car production, sales, and imports ahead of new tax regulations implemented in January 2026.
•The automotive sector is undergoing a transition from internal combustion engines to electric and hybrid vehicles, with varying tax implications.
•While the overall revenue for the year is expected to meet targets, the department is adapting to shifts in tax collection due to efficient inventory management by businesses.

Overview

•In the first 4 months of fiscal year 2026 (October 2025-January 2026), the Customs Department collected 191 billion baht in revenue.
•This collection figure exceeded the budget estimate by 8.3 billion baht, or 5%.
•The revenue performance was significantly boosted by accelerated production, purchases, and imports of vehicles before the new tax structure took effect.
•The automotive market is experiencing a clear transition from ICE vehicles to EVs and Hybrids, impacting tax collection.
•Electric Vehicles (EVs) participating in government promotion schemes will continue to receive a 2% tax benefit for another two years.
•EVs not under support schemes saw their tax rate increase from 8% to 10% starting January 2026.
•Hybrid vehicles produced domestically and meeting specified criteria had their tax rate adjusted from 4% to 6%.
•The new tax structure's impact is evident from January 2026 onwards, with scheduled adjustments for internal combustion engine vehicles every two years starting in 2026.

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Key Quotes

Pornchai Theeravet

"In the overall revenue collection, the department has met its target. In the first 4 months of fiscal year 2026 (October 2025-January 2026), 191 billion baht was collected, exceeding the budget estimate by 8.3 billion baht, or 5%."

ในภาพรวมการจัดเก็บรายได้ กรมฯยังสามารถจัดเก็บได้ตามเป้าหมาย และในช่วง 4 เดือนแรกของปีงบประมาณ 2026 (ตุลาคม 2025-มกราคม 2026) สามารถจัดเก็บรายได้ 1.91 แสนล้านบาท สูงกว่าประมาณการตามเอกสารงบประมาณอยู่ที่ 8,300 ล้านบาท หรือคิดเป็นสูงกว่าเป้าหมาย 5%

Pornchai Theeravet

"The key factor is the acceleration of production, purchases, and imports of cars before the new tax structure takes effect."

ปัจจัยสำคัญมาจากการเร่งผลิต ซื้อ และนำเข้ารถยนต์ก่อนการปรับโครงสร้างภาษีใหม่

Key Entities

Organization

Customs Department(กรมสรรพสามิต)

The Thai government agency responsible for collecting excise taxes and customs duties.

Person

Pornchai Theeravet(นายพรชัย ฐีระเวช)

Director-General of the Customs Department.

Timeline

Fiscal Year 2026(ปีงบประมาณ 2026)

The Thai fiscal year during which the revenue collection and tax changes are discussed.

Law

EV 3.5 Project(โครงการ EV 3.5)

A government scheme to promote electric vehicles in Thailand.

MOU(เอ็มโอยู)

Memorandum of Understanding, likely referring to agreements between the government and EV manufacturers regarding tax benefits.

Electric Vehicles (EV)(รถยนต์ไฟฟ้า (EV))

Vehicles powered solely by electricity, subject to specific tax incentives and adjustments based on government policies.

Hybrid Vehicles(รถยนต์ไฮบริด)

Vehicles that combine an internal combustion engine with an electric motor, with adjusted tax rates based on production and safety features.

Internal Combustion Engine (ICE) Vehicles(รถยนต์สันดาปภายใน (ICE))

Traditional vehicles powered by gasoline or diesel engines, facing phased tax increases based on CO2 emissions.