Thailand‘s cabinet on Tuesday approved tax measures to boost domestic tourism during the low season, Deputy Finance Minister Paopoom Rojanasakul said.
The measures, which cover the period from May to November, include tax deductions for companies organising conventions and seminars, he said.
The measure is aimed at promoting the tourism sector which is a key growth driver of Thailand’s economy and a major source of employment. Beginning in June, travellers from as many as 93 countries will be eligible travellers to stay in Thailand for up to 60 days, an increase from the current list of 57 nations, according to government spokesperson Chai Wacharonke.
Additional measures were designed to increase domestic travel to secondary cities, including allowing income tax deductions for home stay and non – hotel accommodation expenses. Prime Minister Srettha Thavisin said the measures would cost the government 1.5 billion baht ( USD 41 million) in revenue, but said the benefits would be greater. ( USD 1 = 36.57 baht)
