ID :
180192
Thu, 05/05/2011 - 14:29
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Shortlink :
http://m.oananews.org//node/180192
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New Thai government urged to restructure auto tax
BANGKOK, May 5 (TNA) - Outgoing Thai Finance Minister Korn Chatikavanij has called on Thailand's new government to quickly restructure the excise tax on automobiles, as it is now deemed unfair.
Korn said that the reform plan for the country's auto tax has been approved in principle by the Thai Cabinet, with the Ministries of Finance, Industry and Energy having been assigned to jointly review the auto excise tax in detail over the next couple of months; so, it is now left with the new Thai government to carry on the initiative.
According to the incumbent Thai finance minister, the existing excise tax on automobiles appears to be unfair, based on an official assessment by the Thai Ministry of Energy, as up to a 30 per cent levy is imposed on local vehicles using natural gas (NGV); while a 20 per cent and 10 per cent excise tax rates are levied on hybrid and electric cars.
The outgoing finance minister also called for the new Thai government to carry on key policies of the incumbent administration, particularly populist measures aimed to ease the burden on the local public from rising costs of living, noting that he, himself, was proud to have successfully solved national problems during an economic downturn to some extent without affecting the country's fiscal disciplines.
The incumbent finance minister also said that he hopes Thailand's new general election will be held quickly so the new Thai government will take office shortly to continue driving the Thai economy ahead and to maintain confidence in Thailand in the international community.
Korn was speaking at a party in Bangkok yesterday evening to bid a farewell to local journalists--in which his two deputies, Pradit Phataraprasit and Man Pattanothai also participated. (TNA)
Korn said that the reform plan for the country's auto tax has been approved in principle by the Thai Cabinet, with the Ministries of Finance, Industry and Energy having been assigned to jointly review the auto excise tax in detail over the next couple of months; so, it is now left with the new Thai government to carry on the initiative.
According to the incumbent Thai finance minister, the existing excise tax on automobiles appears to be unfair, based on an official assessment by the Thai Ministry of Energy, as up to a 30 per cent levy is imposed on local vehicles using natural gas (NGV); while a 20 per cent and 10 per cent excise tax rates are levied on hybrid and electric cars.
The outgoing finance minister also called for the new Thai government to carry on key policies of the incumbent administration, particularly populist measures aimed to ease the burden on the local public from rising costs of living, noting that he, himself, was proud to have successfully solved national problems during an economic downturn to some extent without affecting the country's fiscal disciplines.
The incumbent finance minister also said that he hopes Thailand's new general election will be held quickly so the new Thai government will take office shortly to continue driving the Thai economy ahead and to maintain confidence in Thailand in the international community.
Korn was speaking at a party in Bangkok yesterday evening to bid a farewell to local journalists--in which his two deputies, Pradit Phataraprasit and Man Pattanothai also participated. (TNA)
