GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
Thailand to Impose Carbon Tax Next Year, Starting at 200 Baht Per Ton
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2024-07-04
Thailand plans to implement carbon tax when the Global Warming Act comes into effect in 2025. The carbon tax rate will be 200 baht per ton. Thailand’s launch of carbon tax will help integrate with Europe’s CBAM regulations affecting five commodities in 2026.
Ekniti Nitithanprapas, head of Thailand Excise Department, said that the implementation of carbon tax will adopt international standards and emissions will be taxed at the source. For example, in the past, vehicles were levied based on engine exhaust volume, but now they are levied on carbon dioxide emissions. Vehicles with carbon emissions exceeding 200 grams per kilometer are subject to a tax rate of 35%; vehicles with carbon emissions below 150 grams per kilometer are subject to a tax rate of 25%.
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GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
2024-07-04
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