snoop1130 Posted December 3, 2015 Share Posted December 3, 2015 Car Tax: Excise Department expects to earn 7-8 billion baht more tax next year By: Thai PBS BANGKOK -- The Excise Department is expected to gain an addition of 7-8 billion baht in excise tax next year when the new car tax which is computed on the basis of the rate of carbon dioxide instead of the size of the engine comes into force as of January 1. Excise Department chief Somchai Poonsawat explained Thursday that cars which emit more Co2 such as pickup trucks, PPVs and sedans with 1800 cc engine size and upward would face more taxes. The department and the Industry Ministry will hold a press conference on December 9 to explain the new car tax structure and the amount of excise tax to be charged on each type of cars so potential buyers will be informed and can make their car choices. Mr Somchai said the department has set a target to collect 490 billion baht in excise tax next year against this years target of 430 billion baht. He is confident that the target will be met due to the increased car tax and the other taxes such as cigarette, oil, liquor and drinks. Source: http://englishnews.thaipbs.or.th/excise-department-expects-to-earn-7-8-billion-baht-more-tax-next-year -- Thai PBS 2015-12-03 Link to comment Share on other sites More sharing options...
NCC1701A Posted December 3, 2015 Share Posted December 3, 2015 Good for the economy. Take money from the people and spend it on stuff they don't want. Or just keep it. I'm sure Toyota is happy. Link to comment Share on other sites More sharing options...
Lampang2 Posted December 3, 2015 Share Posted December 3, 2015 I don't oppose tax, but this single minded taxation of cars is a bit counter productive. Time to broaden the view. Better to hike the vat all over. Link to comment Share on other sites More sharing options...
DavisH Posted December 3, 2015 Share Posted December 3, 2015 There will be a increase in revenue, I'm sure, but there will be a knock-on effect. Cars will be up to 200K more now, depending on the model. They will surely have an effect on whether to but or not for cash-strapped spenders. Link to comment Share on other sites More sharing options...
Grumpy Old Man Posted December 3, 2015 Share Posted December 3, 2015 I was told by my local Nissan dealer in Chiangmai while I was looking to buy a new Nissan Navara NP300 that if I waited until the new year to buy my new pickup due to the up and coming changes to the vehicle tax it would probably cost me 75,000 Baht more for the same vehicle. Link to comment Share on other sites More sharing options...
pieeyed Posted December 3, 2015 Share Posted December 3, 2015 I would like to know what excise tax Mr Somchai will be paying for his many V8 to V12 vehicles? Link to comment Share on other sites More sharing options...
Thai at Heart Posted December 3, 2015 Share Posted December 3, 2015 I was told by my local Nissan dealer in Chiangmai while I was looking to buy a new Nissan Navara NP300 that if I waited until the new year to buy my new pickup due to the up and coming changes to the vehicle tax it would probably cost me 75,000 Baht more for the same vehicle. They are starting to unwind all the tax benefits they gave the Japanese manufacturers who wanted to make cheap pick ups. All those diesels chuffing out extra pollution getting preferential taxes versus small city and town cars. Absolutely crazy, but Toyota and the others loved it. Link to comment Share on other sites More sharing options...
Thian Posted December 3, 2015 Share Posted December 3, 2015 I don't think they will get their 7-8 billion from the cartax. Every smart person will buy the new car this year so next year there will be a big dip in pickup sales. There are far too many pickups in Bangkok, it's time they start promoting mini-cars or other vehicles. Solar powered boats or cars would be nice or amphibious vehicles. We also need more transport tuktuk's then nobody needs a big car anymore. Link to comment Share on other sites More sharing options...
thesetat2013 Posted December 3, 2015 Share Posted December 3, 2015 Seems to me they are trying to milk more money from the people who took advantage of the car scheme 2years ago. What I can't understand is why they don't first try to make EVERYONE and EVERY business pay their taxes. They could raise a lot more than they do now if they collected all the taxes due to them from the small businesses. Link to comment Share on other sites More sharing options...
jaywalker Posted December 3, 2015 Share Posted December 3, 2015 Car Tax: Excise Department expects to earn take in 7-8 billion baht more tax next year When has a government agency, anywhere in the world ever earned anything? They just take it. Link to comment Share on other sites More sharing options...
ezzra Posted December 3, 2015 Share Posted December 3, 2015 This is what happened when the government loses billions on silly rice schemes and fee hands out to whom ever is asking for it, so who gets to pay for it? us of course... Link to comment Share on other sites More sharing options...
Reigntax Posted December 3, 2015 Share Posted December 3, 2015 A government that considers the increase of taxes as a solution to funding projects to get the economy moving is delusional. Then again, they are used to commissions, backhanders, and taxing by way of brown paper bags to fund their lifestyle and status. Same, same! Link to comment Share on other sites More sharing options...
Ks45672 Posted December 3, 2015 Share Posted December 3, 2015 Seems to me they are trying to milk more money from the people who took advantage of the car scheme 2years ago. What I can't understand is why they don't first try to make EVERYONE and EVERY business pay their taxes. They could raise a lot more than they do now if they collected all the taxes due to them from the small businesses. Police already collect that.... Link to comment Share on other sites More sharing options...
stevenl Posted December 3, 2015 Share Posted December 3, 2015 Seems to me they are trying to milk more money from the people who took advantage of the car scheme 2years ago. What I can't understand is why they don't first try to make EVERYONE and EVERY business pay their taxes. They could raise a lot more than they do now if they collected all the taxes due to them from the small businesses.This is a sales tax, nothing to do with cars already bought. Link to comment Share on other sites More sharing options...
Laughing Gravy Posted December 4, 2015 Share Posted December 4, 2015 I wouldn't mind if that money was reinvested in say the roads, road safety or improved policing. Sadly it will probably go to the fat cats for a new Jaguar, Porsche or Bentley with the rest filtered away. Link to comment Share on other sites More sharing options...
Crazy chef 1 Posted December 4, 2015 Share Posted December 4, 2015 Time to switch to VW.... Link to comment Share on other sites More sharing options...
Srikcir Posted December 4, 2015 Share Posted December 4, 2015 Seems to me they are trying to milk more money from the people who took advantage of the car scheme 2years ago. What I can't understand is why they don't first try to make EVERYONE and EVERY business pay their taxes. They could raise a lot more than they do now if they collected all the taxes due to them from the small businesses.This is a sales tax, nothing to do with cars already bought. It is an excise tax that is imposed in addition to the sales (VAT) tax where applicable. Sales tax is based on purchase price while excise tax is based on some feature such as engine size, age, emissions, propulsion system, etc. This particular excise tax could be applied to all existing vehicles, ie., at time of license renewal, but it appears (for now?) the government will only apply it to new car purchases. Generally sales taxes go into the government's treasury while excise taxes are usually collected for specific purposes, ie., new highway infrastructure. Link to comment Share on other sites More sharing options...
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