Thailand to overhaul tax structure for vehicles

Thailand’s Excise Department is looking to overhaul the current tax structure for vehicles with a goal to increase incentives for environmentally friendly and fuel-efficient cars, the Bangkok Post reports. Areepong Bhoocha-oom, the department’s director-general, said a committee representing the finance, energy, natural resources and environment and justice ministries would be formed to oversee the tax review. Areepong said the Excise Department would also consider ways of helping car manufacturers increase their use of Thailand as a global production base. (August 16, 2010)