Toyota Motor Thailand (TMT) Co has lost a 2015 import tariff dispute in which the car maker was ordered to pay 11.63 billion baht (US$315.5 million) in missing taxes in connection with its move to import parts to assemble Toyota Prius cars in Thailand.
The Supreme Court's Division of Taxes on Thursday upheld the Appeal Court's ruling that found TMT had wrongfully declared its Prius cars assembled in 2013 used locally made parts, making it eligible for a 10% tax as agreed under the Japan–Thailand Economic Partnership Agreement (JTEPA) rather than the usual 80% import duty.
