Deputy PM and Finance Minister Ekniti says the excise tax rates for electric vehicles will be finalised within 1-2 weeks. The cabinet on 6 Oct approved the EV policy board's resolution to use excise tax measures, responding to concerns from foreign investors, including Japanese, about trade-war effects and unequal import tariffs. The article gives no final rates. For an SME in the EV, auto parts or dealership chain, this is the week to watch for the numbers and to check how they affect your pricing and import costs.
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