BANGKOK, Oct 30 (TNA) – The Excise Department is mulling a plan to adjust tax for new motorcycles, based on CO2 emissions and the new rate could be increased to almost 100,000 baht for a high-powered motorcycle or a big bike.
The current tax rate calculation is based on engine sizes, which represent 2.5-9 per cent of the purchase value while the new rate if imposed will be increased to 3-18 per cent.
With the new rate, if a big bike costs one million baht, an additional 90,000 baht tax could be applied, depending on its CO2 emission.
If the Cabinet approved the new tax plan, it is likely to be put into effect at the beginning of next year. The excise tax will be collected once for new motorcycles, manufactured or imported.
Most motorbikes, used in the country will not be much impacted, compared to big bikes with higher fuel consumption and higher CO2 emission.
Under the plan, the starting tax rate of 3 per cent will be applied to motorcycles, emitting CO2 less than 50 grammes per kilometer.
The highest rate of 18 per cent will be imposed on those with CO2 emission, exceeding 130 grammes per kilometer. (TNA)
