To promote domestic tourism, Thailand approves on tax incentive!

Published on : Tuesday, December 26, 2017

indexOn Tuesday, the cabinet of Thailand agreed on a tax incentive as it expects that it will attract Thais to visit provinces that normally don’t attract foreign and domestic tourists in large numbers.

 
The junta will permit Thais a tax deduction of around 15,000 baht ($457.74) on what they expend on items like food, accommodations and hotels in 55 “secondary” provinces with reduced income in tourism than others, as Finance Minister, Apisak Tantivorawong informed the reporters.

 
The provinces being allowed the tax break include south, north and northeast regions of the country.

 
Tourism has always been an important spot with exports, in Southeast Asia’s second-largest economy.

 
The tourist sector accounts for over 12 percent of GDP. This year, the government is hopeful that a record 35.4 million foreign visitors fill visit, up 9 percent in comparison to last year. For 2018, it predicts that Thailand will attract 37 million-38 million tourists.

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