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Key Regulatory Perspectives in ASEAN 

  • September 2015
  • -
  • Frost & Sullivan
  • -
  • 172 pages

Key Regulatory Perspectives in ASEAN : Automotive Policies and Roadmaps Take Center Stage as Governments Look to their Auto Sectors to Spur Growth by 2020

This analysis gives a detailed overview of the regulatory policies and programs in key ASEAN automotive markets. In Thailand, this includes the restructuring of the excise tax system, the Eco-Car Program Phase 2, and a roadmap for electric vehicles (EVs). For Malaysia, it covers the National Automotive Plan (NAP) 2014 and the implementation of a goods and services tax (GST). For Indonesia, the Low Carbon Emission (LCE) Program, a revision of the fiscal incentive scheme, and a new ministry decree on the vehicle industry are discussed. For Vietnam, the Automotive Master Plan and fuel labeling for passenger cars are covered. Finally, the Automotive Industry Roadmap 2022, the Clean Energy Vehicles (CEV) Incentives Bill, and the Investment Priorities Plan (IPP) 2014 are discussed for the Philippines.

Key Findings—Thailand

- Thailand’s military-led government has plans for excise tax reform to increase revenue collection and align with global standards. The changes to the excise tax system are to terms regarding the way tax is calculated as well as the quantum of tax itself.
- The Phase 2 of the Eco-Car Program builds upon the success of Phase 1. The new phase increases incentives but requires more aggressive volume commitments and more stringent requirements from the original equipment manufacturers (OEMs). The big question is on the sustainability and viability of the program given the depressed state of the market.
- Thailand has become quite aggressive in putting policies in place and supporting infrastructure for the adoption of electric vehicles (EVs). The government’s current focus is on electric buses although some OEMs have been testing cars as well.

Key Findings—Malaysia

Malaysia’s revised National Automotive Policy (NAP) 2014 aims to address the structural weaknesses that plague the auto sector and make it harder to compete with Thailand and Indonesia for fresh investment.
- While the NAP stops short of full liberalization of the sector, the policy opens up many areas for investment, offering customized incentives to automakers.
- The implementation of a goods and services tax (GST) is part of the Malaysian government’s Tax Reform Program to align with global systems, adopt best practices, and establish uniformity within the Association of Southeast Asian Nations (ASEAN).
- The impact of the new tax regime on vehicle prices is dependent on the prevalent pricing structure and margins within the distribution channels. Key Findings—Malaysia Source: Frost & Sullivan P897-18 7 REGULATION STATUS Low Carbon Emission (LCE) Program Revision of Fiscal Incentive Scheme New Ministry Decree on Vehicle Industry
- The LCE program was initiated due to the increasing fuel subsidy bill and worsening budget deficit.
- As the current fiscal incentive mechanism is ineffectual and inflexible, a revision has been brought into the fiscal incentive scheme.
- The new Ministry Decree on the vehicle industry aims to revitalise and provide direction to develop the Indonesian automotive industry through manufacturing advancements.

Table Of Contents

Key Regulatory Perspectives in ASEAN 
Table Of Contents
1 EXECUTIVE SUMMARY

Executive Summary
1 Key Findings—Thailand
2 Key Findings—Malaysia
3 Key Findings—Indonesia
4 Key Findings—Vietnam
5 Key Findings—Philippines

2 BACKGROUND OF THE STUDY

Background of the Study
1 Imperative of the Study
2 The Imperative of the Study
3 Policy Development Clusters Impacting the Automotive Sector
4 Regulatory Clusters
5 Scope of this Research Service

3 THAILAND

Thailand
1 Policy Timeline Map

4 RESTRUCTURING OF THE EXCISE TAX SYSTEM

Restructuring of the Excise Tax System
1 Strategic Imperative and Triggers
2 Strategic Imperative and Triggers
3 Policy Objectives
4 Policy Details
5 Policy Details
6 Impact on the Market

5 ECO-CAR PROGRAM—PHASE 2

Eco-Car Program—Phase 2
1 Strategic Imperative and Triggers
2 Policy Objectives
3 Policy Details
4 Impact on the Market

6 ROADMAP FOR ELECTRIC VEHICLES

Roadmap for Electric Vehicles
1 Strategic Imperative and Triggers
2 Policy Objectives
3 Policy Details
4 Policy Details
5 Impact on the Market

7 MALAYSIA

Malaysia
1 Policy Timeline Map

8 NATIONAL AUTOMOTIVE POLICY (NAP) 2014

National Automotive Policy (NAP) 2014
1 Strategic Imperative and Triggers
2 Key Objectives of the NAP 2014
3 Policy Facilitation
4 The EEV (Energy Efficient Vehicle) Concept
5 Key Provisions in NAP 2009
6 Targets to be Achieved by 2020
7 Malaysia Automotive Roadmaps
8 Impact on the Market

9 IMPLEMENTATION OF GOODS AND SERVICES TAX (GST)

Implementation of Goods and Services Tax (GST)
1 Strategic Imperative and Triggers
2 Key Objectives
3 Policy Details
4 Policy Details—GST Mechanism in the Context of the Automotive Value Chain
5 Policy Details—GST Applicable to Used Cars Business, Impact on Price Increase
6 Policy Details—Refund Scheme for Double Taxation on Interim Car Stock
7 Impact on Automotive Sector
8 Impact on the Market

10 INDONESIA

Indonesia
1 Policy Timeline Map

11 LOW CARBON EMISSION (LCE) PROGRAM

Low Carbon Emission (LCE) Program
1 Strategic Imperative and Triggers
2 Strategic Imperative and Triggers
3 Strategic Imperative and Triggers
4 Strategic Imperative and Triggers
5 Policy Objectives
6 Policy Details
7 Policy Details
8 Policy Details
9 Impact on the Market

12 REVISION OF THE FISCAL INCENTIVE SCHEME

Revision of the Fiscal Incentive Scheme
1 Strategic Imperative and Triggers
2 Strategic Imperative and Triggers
3 Policy Objectives
4 Policy Details—Tax Allowance
5 Policy Details—Tax Allowance
6 Policy Details—Tax Allowance
7 Policy Details—Tax Holiday
8 Impact on the Market

13 NEW MINISTRY DECREE ON THE VEHICLE INDUSTRY

New Ministry Decree on the Vehicle Industry
1 Strategic Imperative and Policy Objectives
2 Policy Details
3 Policy Details
4 Policy Details—Business Classification Standard on Industry License/Permit
5 Policy Details—New Vehicle Classification for Passenger Vehicles
6 Policy Details—CKD Definition
7 Policy Details—IKD Definition
8 Impact on the Market

14 VIETNAM

Vietnam
1 Policy Timeline Map

15 AUTOMOTIVE MASTER PLAN

Automotive Master Plan
1 Strategic Imperative and Triggers
2 Strategic Imperative and Triggers
3 Policy Details
4 Policy Details
5 Policy Details
6 Policy Details
7 Policy Details
8 Policy Details
9 Policy Details
10 Policy Details
11 Policy Details
12 Policy Details
13 Policy Details
14 Draft Decree on Supporting Industry Development
15 Challenges to the Master Plan Implementation
16 Impact on the Market
17 Impact on the Market

16 FUEL LABELING FOR PASSENGER CARS (7 SEATS AND BELOW)

Fuel Labeling for Passenger Cars (7 Seats and Below)
1 Strategic Imperative and Triggers
2 Policy Objectives
3 Policy Details—Applicable Vehicle Category
4 Policy Details—Application Process for Fuel Labeling (Mandatory for Cars)
5 Policy Details—Regulations on Appointment of Accredited Testing Agencies
6 Policy Details—Methodology for Fuel Consumption Test
7 Policy Details—Declaration of Fuel Consumption Details
8 Policy Details—Sanction for Non-compliance of Manufacturer/Importer
9 Impact on the Market

17 PHILIPPINES

Philippines
1 Policy Timeline Map

18 AUTOMOTIVE INDUSTRY ROADMAP 2022

Automotive Industry Roadmap 2022
1 Strategic Imperative and Triggers
2 Policy Objectives
3 Policy Details
4 Details of Executive Order 182 Approving CARS
5 CARS Implementing Agencies and their Functions
6 CARS Implementing Agencies and their Functions
7 CARS Enrolment Criteria, Application, and Selection
8 CARS Eligibility and Qualifications of Participants
9 Fiscal Support under CARS
10 Fiscal Support under CARS
11 Terms and Conditions of the Incentives under CARS
12 Impact on the Market
13 Automotive Industry Roadmap 2022—The Big Picture

19 ELECTRIC, HYBRID, AND OTHER CLEAN ENERGY VEHICLES (CEV) INCENTIVES BILL

Electric, Hybrid, and Other Clean Energy Vehicles (CEV) Incentives Bill
1 Strategic Imperative and Triggers
2 Policy Objectives
3 Policy Details
4 Impact on the Market

20 INVESTMENT PRIORITIES PLAN 2014

Investment Priorities Plan 2014
1 Strategic Imperative and Triggers
2 Policy Objectives
3 Policy Details
4 Policy Details
5 Guidelines to Implement the IPP 2014-2016 for Motor Vehicles and Components
6 Specific Guidelines for IPP 2014-2016 for Motor Vehicles
7 Specific Guidelines to Implement IPP 2014-2016 for Motor Vehicles Parts and Components
8 IPP Guidelines on Incentives for BOI Registered Enterprises
9 Impact on the Market

21 KEY CONCLUSIONS

Key Conclusions
1 Thailand—Impact-Timeline Matrix
2 Thailand—Key Takeaways
3 Malaysia—Impact-Timeline Matrix
4 Malaysia—Key Takeaways
5 Indonesia—Impact-Timeline Matrix
6 Indonesia—Key Takeaways
7 Vietnam—Impact-Timeline Matrix
8 Vietnam—Key Takeaways
9 Philippines—Impact-Timeline Matrix
10 Philippines—Key Takeaways
11 Legal Disclaimer

22 APPENDIX

Appendix
1 Abbreviations and Acronyms—Thailand
2 Abbreviations and Acronyms—Malaysia
3 Abbreviations and Acronyms—Indonesia
4 Abbreviations and Acronyms—Vietnam
5 Abbreviations and Acronyms—Philippines

23 THE FROST and SULLIVAN STORY

The Frost and Sullivan Story
1 The Frost and Sullivan Story
2 Value Proposition: Future of Your Company and Career
3 Global Perspective
4 Industry Convergence
5 360º Research Perspective
6 Implementation Excellence
7 Our Blue Ocean Strategy

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