Tuesday, November 27, 2012

First-car rebates expected to pass 600,000 by year-end


NATION MULTIMEDIA Report:

The Excise Department yesterday revealed that registrations for tax refunds under the first-car rebate scheme exceeded 581,000 valued at about Bt43 billion.

"We expect the total number of applications to the first-car scheme will exceed 600,000 by the time the project ends, so more than the 500,000 units targeted earlier by the department," said Excise Department director-general Somchai Poonsawat. The programme ends on December 31.

"Although the number of car buyers eligible for tax rebates will exceed our target, we will not limit the amount of money to be refunded to them, which is in line with the government's policy. As the first car-scheme will expire at the end of this year, I have relayed the policy to all staff of the Excise Department to facilitate anyone asking for the tax refund," he said.

It had been expected that if the 500,000-unit target were reached, the tax-refund budget would be about Bt32 billion, he said.