Thai Supreme Court Rules Against Toyota in $272m Tax Dispute

Thailand’s Supreme Court upholds a lower court ruling that Toyota Motor’s local unit must pay 10 billion baht ($272m) in tax over imports of car parts from 2010 to 2012.

• The car parts imported by Toyota were subject to an 80% import duty, and were not eligible for tariff reductions or exemptions under any schemes including the Japan-Thailand Economic Partnership Agreement, court says in a statement
• The parts should be taxed as unassembled parts of complete cars rather than as auto parts, as they were complete knock-down kits of Toyota Prius cars to be assembled in Thailand, the ...