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Government preparing energy-saving tax measures |
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The government is preparing tax measures to encourage people to use more alternative energy to reduce oil consumption. According to Surapong Suebwonglee, the Deputy Prime Minister and Finance Minister, related agencies are scheduled to meet this week to finalise tax incentives for alternative energy and energy preservation. The new tax measure aims to encourage people to use more alternative energy in lieu of fuel oil. Dr. Surapong said the government would also consider extending the tax reduction for equipment and vehicles that are modified to use natural gas.
Tax cuts for natural gas-based equipment and vehicles are due to be
stopped in December this year. A source from the industry sector said
the new tax cuts were expected to cover solar cells and wind energy. The
tax exemption for imported cars that use E85, an 85%-ethanol mix, was
also likely in the new tax package. |
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Bangkok Post, 12.05.2008 |
