First-car scheme tax rebates paid to 47 individuals
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The Ministry of Finance today paid out Bt3.6 million tax rebates to 47 individuals joining the government's first-car buyer scheme.
As of today, 250,744 individuals have registered for tax rebates worth a total of Bt18 billion. Rebates will be gradually paid on every 5th and 20th day of each month. The first-car buyer scheme targets to draw upto 500,000 buyers.
Deputy Finance Minister Viroon Tejapaibul said that today marked the 1st anniversary of the scheme.
"This is to assure the general public that the project has been on the run and has achieved targets," he said.
The scheme was originally planned to last in a year. However, it was extended to cover reservations made before the end of this year, to help auto makers who had to halt production after last year's flood disaster.
The scheme is one of major factors driving Thailand's automotive industry this year. The industry expects the output to surpass 2 million units for the first time in history, since the industry took shape about five decades ago.
