Thailand Introduces New Tourism Tax Breaks

by Admin on October 29, 2014

According to Thai PBS, the Thai government approved a “tourism tax break” which will allow businesses and individuals to deduct eligible tourism expenses through December 31, 2015.

Government spokesman Yongyuth Maiyalap said eligible deductions for individuals included local package tours or hotel accommodations, up to 15,000 baht. Meanwhile, Maiyalap said business could take advantage of the tax break to “provide residential training programs for employees,” reports Thai PBS.

The company lawyers at Chaninat and Leeds have helped hundreds of individuals and established companies start a business in Thailand.

The new tax break will amount to one billion baht in lost tax revenue for the government, according to Maiyalap as cited by Thai PBS, but the government expects to make up some of the lost revenue through boosted domestic tourism due to the tax break.

Keep reading for more information:
Thai PBS – Tourism tax approved to stimulate domestic tourism

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