The Ministry of Finance issued an announcement in the Government Gazette. Starting to reduce the tax on EVs by up to 40% until 2023

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On 3 May 2022, the Ministry of Finance has issued the Government Gazette on “Duty rate reduction and customs duty exemption for all imported battery electric vehicles” for the benefit of the country’s economy. by reducing the import duty on electric vehicles (EV) by up to 40%, which was enacted from May 4, 2022 to December 31, 2023, with the following conditions:

For the benefit of the country’s economy By virtue of Section 12, paragraph one of the Royal Decree on the Customs Tariff B.E. 2530, the Minister of Finance, with the approval of the Cabinet , issues the announcement as follows:

Article 3 in this announcement
“Battery powered electric vehicle” means a passenger car or passenger vehicle with seats for no more than ten people. A battery electric vehicle (BEV), which is pre-assembled and imported as a whole (Completely Built Up: CBU).

Article 2 The rate of duty reduction or exemption for the imported battery electric vehicle imported from the effective date of this notification until 31 December B.E.2566 as follows:

(1) A ready-made battery electric vehicle with a suggested retail price of not more than two million baht shall be subject to a reduction in duty or exemption from duty as follows:

(a) An importer who has applied for a preferential customs duty under a free trade agreement still has a duty rate that must be paid not more than forty percent; to be exempt from duty

(b) An importer who has applied for a preferential customs duty under a free trade agreement still has a duty rate of more than forty percent ; to receive a reduction of the duty rate by forty percent

(c) An importer who does not exercise preferential customs duty under a free trade agreement shall be entitled to a reduction of the duty rate to forty percent.

(2) A ready-made battery electric vehicle with a size of 30 kilowatt hours or more and having a suggested selling price of more than two million baht but not exceeding seven million baht; to receive a reduction in duty rates or exemptions as follows:

(a) An importer who has applied for a preferential customs duty under a free trade agreement still has a duty rate that must be paid not more than twenty percent ; to be exempt from duty

(b) An importer who has exercised preferential customs duty under a free trade agreement still has a duty rate of more than twenty percent ; to receive a reduction of the duty rate by twenty percent

(c) An importer who does not exercise preferential customs duty under a free trade agreement shall be entitled to a reduction of the duty rate to sixty percent.

Article 3. The duty rate reduction or exemption under Article 2 shall be in accordance with the rules and conditions as follows:

(1) An importer under Article 2 (1) must present a certificate showing entitlement from the Excise Department (YF 03- 02/1).

(2) An importer under Article 2 (2) must present a certificate showing entitlement from the Excise Department (YF. .3 – 02/2).

Article 4 In the case where an importer fails to comply with the rules or conditions prescribed by the Excise Department and the Excise Department has notified the Customs Department of revoking the certificate of entitlement to any goods, it shall be deemed that such goods are not entitled to a reduction duty rate or duty exemption under this notification from the date of importation and the importer is obliged to notify the request for payment of duties under the customs law and other relevant laws within thirty days from the date the rights are revoked. And must complete the tax payment within thirty days from the date of receipt of the notification of the amount of the tax.

But not being deprived of the customs duty privileges in the reduction of duty rates or exemption of duties under the free trade agreement filed at the time of importation.

Article 5 An importer must comply with the procedures prescribed by the Director-General of the Customs Department.

Article 6 This notification shall come into force from the day following the date of its publication in the Government Gazette.

Announced on the 22nd day of April B.E.2565
Arkhom Termpittayapaisith
Minister of Finance

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