Toyota's deputy CEO called on the Thai government to urgently restructure excise tax on vehicles to create fair competition between domestically-manufactured cars and imported EVs, especially from China. The company argues that Chinese EV imports exploit tax loopholes while receiving government subsidies, causing Thailand to lose substantial tax revenue. Toyota estimates it pays ~20 billion baht in annual excise tax versus Chinese importers paying only 8% on imports, creating an uneven competitive landscape that disadvantages local manufacturers and threatens long-term national tax collection.
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