Thai govt unveils tax measures to spark tourism surge

The Thai Cabinet today approved a series of tax measures aimed at boosting domestic tourism during the low season, announced the deputy finance minister.

These measures will be in effect from May to November and include tax deductions for companies organising conventions and seminars, according to Paopoom Rojanasakul.

Further initiatives target increased domestic travel to secondary cities by allowing income tax deductions for expenses incurred on homestays and non-hotel accommodations.

Prime Minister Srettha Thavisin acknowledged that these measures would cost the government 1.5 billion baht (US$41 million) in revenue. However, he emphasised that the anticipated benefits would outweigh the costs.