The Thai cabinet approves an excise-tax deduction for first-time car buyers who purchase locally built vehicles between Sept. 16, 2011, and Dec. 31, 2012. Deputy government spokesman Chalitrat Chantharubeksa says the vehicles must have an engine capacity of not more than 92 cu.-in. (1.5L) or be double-cab pickup trucks with unlimited engine capacity but with a price not exceeding TB1 million ($33,133). The refund is capped at TB100,000 ($3,311). Buyers are required to retain ownership ...
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