Thailand’s one of its strategies to boost tourism

Thailand’s one of its strategies to boost tourism

Posted by Marine2Alpine on Monday, 24th June 2024.

Thailand’s cabinet has taken a significant step to boost tourism by approving tax cuts on alcoholic beverages and entertainment venues.

Here are the key points:

  1. Tax Reductions:

Taxes on wine will be reduced from 10 % to 5%.

Taxes on spirits will be eliminated, previously standing at 10%

Excise tax on entertainment venues will be halved, going from 10% to 5%.

  1. Duration:

These tax measures are set to expire at the end of this year.

  1. Rationale:

The move aims to offset tax revenue losses by attracting more tourists.

Tourism is a crucial driver of Thailand’s economy, and in 2024, they are targeting over 34 million tourist arrivals.

This decision follows the extension of entertainment venue operating hours until 4 AM for the party animals and tourists.

To know more about travel and tourism and want us to plan your best travel experience with us call or WhatsApp at +91-9733533000 or you can visit https://www.marinetoalpine.com

Tags: thailand travelnews boosttourism growing initiative taxcuts beverages entertainment taxreductions revenue travel trendingnews travelideas touristspot marinetoalpine
marine2alpine
All rights reserved Marine to Alpine Pvt. Ltd. Website design and development service provided by Techno Developers Group.
MARINE TO ALPINE PVT. LTD.
G-0315, City Centre, Uttorayon, Siliguri
PO - Matigara, Dist - Darjeeling
West Bengal, India - 734010
Mobile : +91 97335 33000
Email : infomarine to alpinemarinetoalpine.com
Web : www.marinetoalpine.com
A member of
A proud member of HHTDN - Himalayan Hospitality & Tourism Development Network
Leave a Message