BANGKOK, July 27 (Reuters) - The Thai cabinet approved a consumption tax cut for small cars on Tuesday as part of a policy to encourage the use of fuel-efficient vehicles. The consumption tax on sedans with engine sizes of up to 2,000 cc. was being reduced to 30 percent from 35 percent, a senior Finance Ministry official told reporters. "The new tax structure is aimed at saving energy and at persuading people to buy smaller cars," Somjainuek Engtrakul said. The consumption tax on ...
Premium Content (PAID Subscription Required)
"Thailand cuts tax on small cars" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.