BANGKOK: The cabinet this week has approved a move to extend the cut in excise tax for eco-car manufacturers from 17% to 14% for another two years, or until the end of 2025, a news source said on Thursday (Dec 21).
The measure, which was originally slated to end on Dec 31, had been proposed by the Industry Ministry in a bid to allow eco-car manufacturers time to shift towards electric vehicles (EV) production.
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