Thailand Hopes Tourist Tax Break will Stimulate Domestic Tourism

by admin on October 29, 2014

Thailand’s government approved a tourism tax in an effort to stimulate domestic tourism, reports Thai PBS.

Business and private individuals will be able to deduct eligible tourism expenses, such as package tours and hotel accommodations, from their taxes until Dec 31, 2015. Yongyuth Maiyalap, a government spokesman, said businesses can take advantage of the tax breaks by offering “residential training programs for employees,” according to Thai PBS.

Chaninat and Leeds’ corporate attorneys are experts on Thailand company registration laws for limited companies and partnerships.  

Mailyalap said the government hopes the tax break will generate three billion baht for the domestic tourism industry. The new tax break will reportedly go into effect after it’s published in the Royal Gazette.

Read the full report on Thai PBS here.

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