Tax Rebates & Refunds

720,000 people to benefit from Thailand car tax rebate scheme

December 26, 2012
Posted in Tax Rebates — Written by Chris

The Excise Department in Thailand has revealed that around 800,000 people Thailand will benefit from the government’s new tax rebate scheme for first-time car buyers.

The scheme, which was initiated last year in an attempt to boost the Thailand automobile industry in the wake of 2011’s devastating floods, offered first-time buyers of vehicles the chance to claim tax rebates of 100,000 baht (around £2018.51) on new car purchases.

The Excise Department, which is the Thai equivalent of HM Revenue & Customs (HMRC) in the UK, has now revealed that the scheme has been a runaway success. As well as boosting car production in Thailand to a record high, around 720,000 applicants have registered for tax rebates. Collectively, these new car owners are expected to benefit from around 53 million baht (around £ 1,069,810) in tax rebates.

According to the terms of the scheme, new car buyers can apply for their tax refunds at one of ten different offices nationwide. However, they must have owned the vehicle for a minimum of one year and keep it for a minimum of five years in order to be eligible for the scheme.

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