The Thai government has set a preferential 17% excise-tax rate for small, fuel-efficient cars under its EcoCar project. The tax rate compares favorably to the 30% to 50% excise-tax rates for standard passenger cars. The EcoCar classification is open to cars meeting engine size, fuel efficiency, emissions and production criteria. Finance Minister Chalongphob Sussangkarn says the new tax rate will take effect in October 2009, as the government doesn’t want the new rate applied immediately ...
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