Thailand: Government provided a THB 24 billion production subsidy and an excise tax cut to local battery cells manufacturers

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Description

On 2 February 2023, the government of Thailand reduced the excise tax for domestic EV battery-makers from 8% to 1%. According to the press release, the objective was to boost domestic production of E...

Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Feb 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

Eligible firms

all

Affected Trading Partners

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Affected Sectors

Affected Products

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