Thailand’s Government has eliminated taxes on new cars fuelled by natural gas as part of its ongoing alternative fuels policy. Exemptions now apply to dedicated natural gas vehicle and engine imports to the country, according to representatives of the Fiscal Policy Office.
Measures relating to CBU (completely built up) imports have been put in place until the end of 2008, acknowledging that local natural gas engine manufacture is unlikely within the short to medium term.
CKD (completely knocked down) imports fuelled by natural gas will have the current 30% tariffs eliminated while vehicles with a 10 person or larger carrying capacity will have their 20% tariffs eliminated.
Heavy vehicles also benefit from the measures with CBU and CKD Chassis (with engines) tariffs reduced from 30% and 10% respectively.
Import tariffs of 10% on conversion kits and CNG cylinders have also been eliminated until the end of 2008.
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