Thailand cuts tax on booze and night clubs to boost tourism
Thailand also announced a visa waiver for travelers from India and Taiwan last year, effective from Nocember 2023 until May 2024.
By ET Online |
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Thailand has announced yet another move in an attempt to boost tourism in the country. Thailand's cabinet has given the green light to a tax cut on alcoholic beverages and entertainment venues.
The approved measures include cutting taxes on wine from 10% to 5% and eliminating taxes on spirits, previously at 10%. Additionally, the excise tax on entertainment venues will be halved, dropping from 10% to 5%. These tax adjustments, outlined by government spokesperson Chai Wacharonke, will be in place till the end of this year.
The move follows Thailand's decision in November to extend the operating hours for entertainment venues, allowing them to stay open until 4 am. The extended hours aim to cater to nighttime revelers and attract more tourists to the country.
Thailand also announced a visa waiver for travelers from India and Taiwan last year, effective from Nocember 2023 until May 2024. During this time, tourists canstay in Thailand for up to 30 days. India has become Thailand's fourth-largest source of tourism, with approximately 1.2 million arrivals this year, following Malaysia, China, and South Korea.
The latest government data indicates that, from January to October 29, Thailand welcomed a total of 22 million visitors, contributing 927.5 billion baht (approximately $25.67 billion) to the country's economy. The visa waiver for Indian and Taiwanese travelers aligns with Thailand's strategy to attract more tourists and revive its vital tourism sector.
The approved measures include cutting taxes on wine from 10% to 5% and eliminating taxes on spirits, previously at 10%. Additionally, the excise tax on entertainment venues will be halved, dropping from 10% to 5%. These tax adjustments, outlined by government spokesperson Chai Wacharonke, will be in place till the end of this year.
The move follows Thailand's decision in November to extend the operating hours for entertainment venues, allowing them to stay open until 4 am. The extended hours aim to cater to nighttime revelers and attract more tourists to the country.
Thailand also announced a visa waiver for travelers from India and Taiwan last year, effective from Nocember 2023 until May 2024. During this time, tourists canstay in Thailand for up to 30 days. India has become Thailand's fourth-largest source of tourism, with approximately 1.2 million arrivals this year, following Malaysia, China, and South Korea.
The latest government data indicates that, from January to October 29, Thailand welcomed a total of 22 million visitors, contributing 927.5 billion baht (approximately $25.67 billion) to the country's economy. The visa waiver for Indian and Taiwanese travelers aligns with Thailand's strategy to attract more tourists and revive its vital tourism sector.
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