Finance Ministry considers 30% import tax on CBU EVs

Matichon•Economy•52m ago

Reader Briefing

The Ministry of Finance is considering a 30% excise tax on completely built-up (CBU) electric vehicle imports to encourage foreign automakers to establish production bases in Thailand.

•The Ministry of Finance is considering a 30% excise tax on CBU electric vehicles.
•The policy aims to incentivize foreign automakers to invest in local production and assembly.
•The Ministry of Finance is coordinating with the automotive industry to determine the final tax rate.
•A formal announcement on the tax structure is expected by September 2026.

Overview

•Ekniti Nitithandpraphas, Deputy Prime Minister and Minister of Finance, disclosed to Bloomberg that the Ministry of Finance is considering a 30% excise tax on completely built-up (CBU) electric vehicles.
•The Ministry of Finance intends to use the tax framework as a policy mechanism to encourage foreign car companies to establish production and assembly bases within Thailand instead of relying solely on imports.
•The Ministry of Finance believes this shift will enhance competitive capabilities and strengthen the domestic supply chain.
•The Ministry of Finance is currently coordinating closely with the automotive industry to analyze deep details and determine an appropriate final tax rate.
•The Ministry of Finance seeks a balanced tax rate that does not negatively impact overall market confidence.
•The Ministry of Finance expects to make a formal decision and announce the tax structure by September 2026.
•The September 2026 timeframe is intended to allow operators time to adjust and plan continuous investments.

Full article content is available on the original source.

Read on Matichon (Thai Version)View in Google Translate

Source: Matichon (Original)

Key Entities

Person

Ekniti Nitithandpraphas(เอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance who disclosed the proposed EV import tax framework.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government body preparing to consider the excise tax guidelines for CBU electric vehicles.

Bloomberg

The news agency to which Ekniti Nitithandpraphas disclosed the tax information.

Place

Thailand(ไทย)ℹ️

The country where the Ministry of Finance aims to encourage the establishment of EV production and assembly bases.