Global Trade Alert
Global Trade Alert

Thailand: A reduction on import duty and excise tax of battery electric vehicles for Toyota Motor Thailand Co., Ltd

Announcement

22 Apr 2022

In April 2022, the government of Thailand reduced Toyota Motor Thailand Co., Ltd's import duty and excise tax on its battery electric vehicles (BEVs).

Source

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

29 Apr 2022

Revocation date:

31 Dec 2026

Announced: 22 Apr 2022
Import tariff In force
On 29 April 2022, the government of Thailand reduced Toyota Motor Thailand Co., Ltd's import duty on battery electric vehicles (BEVs). The import duty was reduced from 80% to at least 40% until 2026....
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Implementation date

29 Apr 2022

Revocation date:

31 Dec 2026

Announced: 22 Apr 2022
Tax or social insurance relief In force
On 29 April 2022, the Excise Department of Thailand reduced Toyota Motor Thailand Co., Ltd's excise tax as part of a government push to make battery electric vehicles (BEVs) more affordable. The excis...
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