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Increase in EV excise tax
The Ministry of Finance has approved the increase of excise tax on imported electric vehicles, both BEV and REEV, to 35%. Currently, BEVs are taxed at 10% and REEVs are taxed at 15%. The new tax rate will be effective from January 1, 2027 onwards.
This restructuring of excise tax aims to support Thailand in becoming a production and export base for electric vehicles, rather than just a market for imported cars. It also aims to create fairness for operators who have invested in setting up factories and producing cars domestically, which provides employment for Thai people and continuously builds the supply chain in the automotive industry.
3 Principles of tax restructuring
- Investment-Driven Import
- Regional and Global EV Hub
- High Value-Added Local Content
Preparing to increase EV tax, expected to be effective Jan 1, 2027
Green light! Import tax on EV cars increased from 10% to 35%, starting Jan 1, 2027
