BANGKOK, 14 May 2012 – The government is set to extend the tax privilege period for first-time car buyers, given only 20,000 applicants out of the targeted 500,000 have, so far, signed up for the program.
Deputy Finance Minister Tanusak Lekuthai has disclosed that the government is considering whether to extend the 100,000-baht tax rebate scheme for first-time car buyers, stating that the decision will be reached within 2 months. The project’s initial target has been set at 500,000 applicants; however, only 20,000 have requested the tax rebate so far. Thus, the government is looking to stretch out the program’s period to allow the public to fully enjoy the benefits of the offer.
In case of an extension, the program’s deadline will be postponed to March or April 2013. However, if the government chooses to maintain the date initially set at the beginning of the program, which is the end of 2012, those who place an order for a car within this year will be eligible for rebates. Previous conditions, however, stipulated that the program’s applicants will receive a refund once they have finalized the purchase and obtained a car registration within 2012.
