Tax exemption for income received as government subsidies under the electric vehicle (EV) support program, encompassing both cars and motorcycles, is now in effect. This change is mandated by the “Royal Decree issued under the provisions of the Revenue Code regarding Tax Exemption (No. 773), B.E. 2566 (2023)”, effective as of August 16, 2023. Here … Continue reading Tax Exemption Incentives Fueling Thailand’s Electric Vehicle Industry