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<span class="easy-breadcrumb_segment-separator"> » </span> <span itemprop="itemListElement" itemscope itemtype="http://schema.org/ListItem"> <span itemscope itemprop="item" itemtype="http://schema.org/Thing" itemid="#2"> <span class="easy-breadcrumb_segment easy-breadcrumb_segment-title" itemprop="name">Thailand</span> </span> <meta itemprop="position" content="2" /> </span> </div> </div> </div> </div> </div> </header> </div> <div id="page"> <div id="main"> <div id="left-content"> <div id="content" class="column" role="main"> <a id="main-content"></a> <article class="node-764826 node node-wikifleet view-mode-full view-mode-full clearfix" about="/en/wikifleet/thailand" typeof="sioc:Item foaf:Document" data-uid="44" data-contentGroup1="auteur-Caroline-Thonnon"> <header> <span property="dc:title" content="Thailand" class="rdf-meta element-hidden"></span> </header> <header class="group-wiki-header field-group-html5"><div class="field field-name-field-image field-type-image field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><img typeof="foaf:Image" src="https://www.globalfleet.com/sites/default/files/styles/uc_thumbnail/public/wiki_thailand.png?itok=4EOMNmGn" width="35" height="23" alt="" /></div> </div><div class="field field-name-title-field field-type-text field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><h1>Thailand</h1> </div> </div><em class="last-update">Last modification: 29 Aug 17</em><div class="wikifleet-navigation"><select class="chapter-selector" name="chapters"><option value="_none">Chapters</option><option value="#group-chapter-one">Chapter 1: Economic and business environment</option><option value="#group-chapter-two">Chapter 2 : Automotive market, segments & sales</option><option value="#group-chapter-three">Chapter 3: Company car market</option><option value="#group-chapter-four">Chapter 4: Taxation & legislation</option><option value="#group-chapter-five">Chapter 5: Car policies</option><option value="#group-chapter-six">Chapter 6: Funding methods</option><option value="#group-chapter-seven">Chapter 7: Fuel</option><option value="#group-chapter-height">Chapter 8 : TCO components</option><option value="#group-chapter-nine">Chapter 9: Safety, insurance and telematics</option><option value="#group-chapter-ten">Chapter 10: Environment</option><option value="#group-chapter-eleven">Chapter 11: Mobility</option><option value="#group-chapter-twelve">Chapter 12: Key trends to watch</option></select></div></header><div class="field field-name-body field-type-text-with-summary field-label-above "> <div class="field-label">Introduction: </div> <div class="field-item even field-item-first field-item-last field-item-0" property="content:encoded"> <p>Thailand, officially the Kingdom of Thailand and formerly known as Siam is a country at the centre of the Indochinese peninsulina in Southeast Asia. Thailand is the 50th largest country in the world and the 20th most-populous country. </p> </div> </div> <div class="group-chapter-one-items field-group-accordion field-group-accordion-wrapper effect-none" id="group-chapter-one"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 1: Economic and business environment</a></h3> <div class="field-group-format-wrapper "><div class="field-group-table group_chapter_one_table form-wrapper form-group" id=""><div id="" class="field-group-table group_chapter_one_table "> <table class="field-group-format group_chapter_one_table table table-striped"> <tbody> <tr class=""><th class="field-label">Demographics</th><td class="field-content"><div class="field field-name-field-demographics field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>Around 66 million people.</p> </div> </div></td> </tr> <tr class=""><th class="field-label">Capital</th><td class="field-content"><div class="field field-name-field-capital field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>Bangkok</p> </div> </div></td> </tr> <tr class=""><th class="field-label">Major cities</th><td class="field-content"><div class="field field-name-field-major-cities field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>Samut Prakan,  Nonthaburi, Udon Thani, Chon Buri</p> </div> </div></td> </tr> <tr class=""><th class="field-label">Languages</th><td class="field-content"><div class="field field-name-field-languages field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>Thai (th), English (en)</p> </div> </div></td> </tr> <tr class=""><th class="field-label">GDP</th><td class="field-content"><div class="field field-name-field-gdp field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>5,816.44 USD (2015)</p> </div> </div></td> </tr> <tr class=""><th class="field-label">Unemployment rate</th><td class="field-content"><div class="field field-name-field-unemployment-rate field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>0,9% in 2014</p> </div> </div></td> </tr> <tr class=""><th class="field-label">Main industries</th><td class="field-content"><div class="field field-name-field-main-industries field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p><strong>GDP Composition by Sector: </strong><br /> - Agriculture (11.4 percent)<br /> - Industry (43.9 percent)<br /> Services (44.7 percent)</p> <p><strong>Industrial Production Growth Rate: </strong><br /> 3.4 percent</p> <p><strong>Industries: </strong><br /> Electronincs, automotive</p> </div> </div></td> </tr> <tr class=""><th class="field-label">Currency</th><td class="field-content"><div class="field field-name-field-currency field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>THB Thai baht</p> </div> </div></td> </tr> <tr class=""><th class="field-label">Interest rate</th><td class="field-content"><div class="field field-name-field-interest-rate field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>2,80%</p> </div> </div></td> </tr> <tr class=""><th class="field-label">Political key info</th><td class="field-content"><div class="field field-name-field-political-key-info field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>Thailand is constitutional monarchy and has switched between parialmentary democracy and military junta for decades.</p> </div> </div></td> </tr> <tr class=""><th class="field-label">Inflation</th><td class="field-content"><div class="field field-name-field-inflation field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>-0,4% in 2017</p> </div> </div></td> </tr> </tbody> </table> </div></div></div></div><div class="group-chapter-two-items field-group-accordion-wrapper effect-none" id="group-chapter-two"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 2 : Automotive market, segments & sales</a></h3> <div class="field-group-format-wrapper "><div class="field-group-table group_chapter_two_table group-chapter-two-table field-group-table form-wrapper form-group" id=""><div id="" class="field-group-table group_chapter_two_table group-chapter-two-table field-group-table"> <table class="field-group-format group_chapter_two_table table table-striped"> <tbody> <tr class=""><th class="field-label">Total Car park</th><td class="field-content"><div class="field field-name-field-total-car-park field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>206 per 1000 inhabitants</p> </div> </div></td> </tr> <tr class=""><th class="field-label">New vehicle registrations (Cars, LCV, Trucks)</th><td class="field-content"><div class="field field-name-field-new-vehicle-registrations field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>New Car Sales 2015 : 1,351,648</p> </div> </div></td> </tr> <tr class=""><th class="field-label">Model preference top 5 (total market)</th><td class="field-content"><div class="field field-name-field-model-preference-top field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p>Thailand best selling cars ranking in 2017 is dominated by the last generation of locally made Isuzu D-Max. <br /> Second is the Toyota Hilux and third by Ford Ranger.</p> </div> </div></td> </tr> </tbody> </table> </div></div></div></div><div class="group-chapter-four-items field-group-accordion-wrapper effect-none" id="group-chapter-four"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 4: Taxation & legislation</a></h3> <div class="field-group-format-wrapper "><div class="field field-name-field-taxation-legislation field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><table width="651"> <tbody> <tr height="44"> <td height="44" width="235">4.1 Car Taxation</td> <td width="416">Car taxes are calculated based on different parameters : cylinder capacity, weight, emission. Special vehicles are taxed otherwise (tractors, motor cycles, ..)</td> </tr> <tr height="53"> <td height="53" width="235">4.2 Income tax – Taxable persons</td> <td width="416">Private use is considered as a benefit in kind and the market price of such services needs to be included in the employee's personal income tax return</td> </tr> <tr height="66"> <td height="66" width="235">4.3 Company car</td> <td width="416">The private use of a company car by the employee is considered as a rental of the car by the company to the employee and therefore treated as provision of services for VAT purposes</td> </tr> <tr height="61"> <td height="61" width="235">4.4 Income taxes – drivers’ personal taxation</td> <td width="416">Costs incurred for the private use of a company vehicle are not deductible of the personal income tax. Fuel cost, when paid by the company in excess of the Governement rate, is treated as a taxable benefit</td> </tr> <tr height="26"> <td height="26" width="235">4.5 Electric vehicles</td> <td width="416">Lower taxation than combustible engine cars</td> </tr> <tr height="34"> <td height="34" width="235">4.6 Future developments</td> <td width="416">Tax incentives for eco friendly vehicles</td> </tr> <tr height="18"> <td height="18" width="235">4.7 Legal background (import taxes)</td> <td width="416">High custom duties and import VAT are due on imported vehicles</td> </tr> </tbody> </table> </div> </div><div class="contribute-links"><span class="label">To suggest an update:</span><div class="links"><a href="/en/user/login?destination=node/764826" class="btn login-link">Login</a> <span>or</span> <a href="/en/user/register" class="btn register-link">Create an account</a></div></div></div></div><div class="group-chapter-five-items field-group-accordion field-group-accordion-wrapper effect-none" id="group-chapter-five"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 5: Car policies</a></h3> <div class="field-group-format-wrapper "><p>This section is empty…for now. Want to help us in filling it? Fill in your text in this section and become a wikifleet contributor!</p><div class="contribute-links"><span class="label">To suggest an update:</span><div class="links"><a href="/en/user/login?destination=node/764826" class="btn login-link">Login</a> <span>or</span> <a href="/en/user/register" class="btn register-link">Create an account</a></div></div></div></div><div class="group-chapter-six-items field-group-accordion field-group-accordion-wrapper effect-bounceslide" id="group-chapter-six"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 6: Funding methods</a></h3> <div class="field-group-format-wrapper "><div class="field field-name-field-funding-methods field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><table width="693"> <tbody> <tr height="53"> <td height="53" width="254">Overview of penetration of funding methods (buy or lease statement)</td> <td width="439">Leasing has become the prime methodology to provide employees with a company car. Deductibility and professional suppliers contribute to the preference for leasing</td> </tr> <tr height="37"> <td height="37" width="254">Type of suppliers (captive versus multibrand, international versus local…)</td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254"><strong>6.1 Outright purchase:</strong></td> <td width="439"> </td> </tr> <tr height="46"> <td height="46" width="254">Definition</td> <td width="439">Vehicle is registered as a fixed tangible asset on the balance sheet at the acquisistion value and depreciated over total useful economic life</td> </tr> <tr height="18"> <td height="18" width="254">Pro’s and con’s</td> <td width="439"> </td> </tr> <tr height="28"> <td height="28" width="254">Economic & legal ownership</td> <td width="439">Full ownership, included Risks asd Rewards</td> </tr> <tr height="26"> <td height="26" width="254">Business practices</td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254"><strong>6.2 Renting (Finance lease) :</strong></td> <td width="439"> </td> </tr> <tr height="77"> <td height="77" width="254">Definition</td> <td width="439">Tax law does not diffferenciate between operational and finance lease. Rentals paid are deductible of corporate taxation. However, a monthly maximum is applicable. Car related expenses are also deductible</td> </tr> <tr height="18"> <td height="18" width="254">Pro’s and con’s</td> <td width="439"> </td> </tr> <tr height="35"> <td height="35" width="254">Economic & legal ownership</td> <td width="439">Risks and Rewards are transferred to the lessee, legal ownership remains with the lessor</td> </tr> <tr height="18"> <td height="18" width="254">Business practices</td> <td width="439"> </td> </tr> <tr height="37"> <td height="37" width="254"><strong>6.3 Full service leasing (operational leasing)</strong></td> <td width="439"> </td> </tr> <tr height="53"> <td height="53" width="254">Definition</td> <td width="439">Tax law does not diffferenciate between operational and finance lease. Rentals paid are deductible of corporate taxation. However, a monthly maximum is applicable. Car related expenses are also deductible</td> </tr> <tr height="18"> <td height="18" width="254">Pro’s and con’s</td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254">Economic & legal ownership</td> <td width="439">Ownership remains with the lessor</td> </tr> <tr height="18"> <td height="18" width="254">Business practices</td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254"><strong>6.4 Fleet Management</strong></td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254">Definition</td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254">Pro’s and con’s</td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254">Economic & legal ownership</td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254">Business practices</td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254"><strong>6.5 Short term rental</strong></td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254">Definition</td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254">Pro’s and con’s</td> <td width="439"> </td> </tr> <tr height="26"> <td height="26" width="254">Economic & legal ownership</td> <td width="439"> </td> </tr> <tr height="23"> <td height="23" width="254">Business practices</td> <td width="439"> </td> </tr> <tr height="18"> <td height="18" width="254"><strong>6.6 Other funding methods</strong></td> <td width="439"> </td> </tr> <tr height="18"> <td height="18"> </td> <td width="439"> </td> </tr> </tbody> </table> </div> </div><div class="contribute-links"><span class="label">To suggest an update:</span><div class="links"><a href="/en/user/login?destination=node/764826" class="btn login-link">Login</a> <span>or</span> <a href="/en/user/register" class="btn register-link">Create an account</a></div></div></div></div><div class="group-chapter-seven-items field-group-accordion field-group-accordion-wrapper effect-bounceslide" id="group-chapter-seven"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 7: Fuel</a></h3> <div class="field-group-format-wrapper "><div class="field field-name-field-fuel field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p><strong>Fuel type segmentation</strong><br /> To reduce vehicle pollution, Thailand has introduced many novel fuel mixtures. While these may be confusing to foreigners maybe even to locals the benefits outweigh the drawbacks and it's worth getting to know the available options. <br /> For starters it's not easy to find the regular old fashioned unleaded fuel. Instead you will see that <strong>Gasohol</strong> - a mixture of ethanol and gasoline - is the common fuel of Thailand and virtually all petrol vehicles and motorcycles will fill up with that. The only real fuel that you can find is octane 95.</p> <p>As a rule of thumb, most pickup trucks and SUVs are Diesel, though more and more gasoline versions are becoming available. Saloon cars AKA sedans are in general E20 or Gasohol 95/91. One thing to mention is that all taxi's, tuk tuk, trucks, commercial minivans and busses must use gas (LPG, NGV, CNG) but still retrain the normal fuel tank so they can switch between fuel types when needed. <br /> Some cars have also been fitted with a LPG / CNG system and some come new with dual fuel systems, to cut down on pollution and to save money.<br /> <br /> <strong>Fuel price evolution</strong><br /> <br /> <strong>Fuel infrastructure</strong><br /> <br /> <strong>Fuel card solutions</strong></p> </div> </div><div class="contribute-links"><span class="label">To suggest an update:</span><div class="links"><a href="/en/user/login?destination=node/764826" class="btn login-link">Login</a> <span>or</span> <a href="/en/user/register" class="btn register-link">Create an account</a></div></div></div></div><div class="group-chapter-height-items field-group-accordion field-group-accordion-wrapper effect-bounceslide" id="group-chapter-height"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 8 : TCO components</a></h3> <div class="field-group-format-wrapper "><p>This section is empty…for now. Want to help us in filling it? Fill in your text in this section and become a wikifleet contributor!</p><div class="contribute-links"><span class="label">To suggest an update:</span><div class="links"><a href="/en/user/login?destination=node/764826" class="btn login-link">Login</a> <span>or</span> <a href="/en/user/register" class="btn register-link">Create an account</a></div></div></div></div><div class="group-chapter-nine-items field-group-accordion field-group-accordion-wrapper effect-bounceslide" id="group-chapter-nine"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 9: Safety, insurance and telematics</a></h3> <div class="field-group-format-wrapper group-chapter-nine field-group-accordion-item"><div class="field field-name-field-safety-insurance-and-telem field-type-text-long field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><p><strong>SAFETY</strong><br /> Thailand has the second highest rate of fatalities from road crashes. (44 fatalities per 100,000 people)<br /> The figures are high because accidents involving buses and minivans are quite frequentand of course many people are involved each time.<br /> <br /> <strong>INSURANCE</strong><br /> <br /> <strong>TELEMATICS</strong></p> </div> </div><div class="contribute-links"><span class="label">To suggest an update:</span><div class="links"><a href="/en/user/login?destination=node/764826" class="btn login-link">Login</a> <span>or</span> <a href="/en/user/register" class="btn register-link">Create an account</a></div></div></div></div><div class="group-chapter-ten-items field-group-accordion field-group-accordion-wrapper effect-bounceslide" id="group-chapter-ten"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 10: Environment</a></h3> <div class="field-group-format-wrapper "><p>This section is empty…for now. Want to help us in filling it? Fill in your text in this section and become a wikifleet contributor!</p><div class="contribute-links"><span class="label">To suggest an update:</span><div class="links"><a href="/en/user/login?destination=node/764826" class="btn login-link">Login</a> <span>or</span> <a href="/en/user/register" class="btn register-link">Create an account</a></div></div></div></div><div class="group-chapter-eleven-items field-group-accordion field-group-accordion-wrapper effect-bounceslide" id="group-chapter-eleven"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 11: Mobility</a></h3> <div class="field-group-format-wrapper "><p>This section is empty…for now. Want to help us in filling it? Fill in your text in this section and become a wikifleet contributor!</p><div class="contribute-links"><span class="label">To suggest an update:</span><div class="links"><a href="/en/user/login?destination=node/764826" class="btn login-link">Login</a> <span>or</span> <a href="/en/user/register" class="btn register-link">Create an account</a></div></div></div></div><div class="group-chapter-twelve-items field-group-accordion field-group-accordion-wrapper effect-bounceslide" id="group-chapter-twelve"><h3 class="field-group-format-toggler accordion-item"><a href="#">Chapter 12: Key trends to watch</a></h3> <div class="field-group-format-wrapper "><p>This section is empty…for now. Want to help us in filling it? Fill in your text in this section and become a wikifleet contributor!</p><div class="contribute-links"><span class="label">To suggest an update:</span><div class="links"><a href="/en/user/login?destination=node/764826" class="btn login-link">Login</a> <span>or</span> <a href="/en/user/register" class="btn register-link">Create an account</a></div></div></div></div><span property="dc:title" content="Thailand" class="rdf-meta element-hidden"></span> </article> </div> </div> <aside class="sidebars"> <div class="region region-sidebar-first"> <div id="block-bean-wiki-thailand-square1" class="block block-bean"> <div class="entity entity-bean bean-dfp-block clearfix" about="/en/block/wiki-thailand-square1" typeof=""> <div class="content"> <div class="field field-name-field-elements field-type-dpf-ads-field field-label-hidden "> <div class="field-item even field-item-first field-item-last field-item-0"><div id="dfp-ad-wiki_thailand_square1-wrapper" class="dfp-tag-wrapper"> <div 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