Thailand implements tax measures to boost domestic tourism

Thailand implements tax measures to boost domestic tourism- Thailand tourism, Thailand taxation, Thai cabinet, Thailand

The Deputy Finance Minister announced that the Thai Cabinet has approved new tax measures to boost domestic tourism during the off-season. According to Paopoom Rojansakul, these initiatives, which run from May to November, include tax cuts for companies that organize conferences and seminars.

Additional measures are aimed at boosting travel to less-visited cities by allowing income tax deductions for spending on homestays and non-hotel accommodations. Prime Minister Sritha Thawisin acknowledged that these measures would cost the government 1.5 billion baht (US$41 million) in revenue, but emphasized that the benefits would outweigh the costs.

Tourism and Sports Minister Sermsak Pongpanich pointed out that Thailand's infrastructure and services are still lacking despite the government's efforts to improve the country's tourism development index over its four-year term.

The government is committed to enhancing Thailand's position in the global tourism market, promising significant improvements in infrastructure and service quality.

In related news, Thailand will host the filming of "Jurassic World 4", the latest installment of the iconic Jurassic Park series. Jaturon Phakdiwanit, director-general of the Department of Tourism, announced that production will run from June 4 to mid-July, covering locations such as Bangkok, Krabi, Trang, Phang Nga, Phuket and Chiang Mai.

The film project is expected to bring significant economic benefits, injecting an estimated 650 million baht into the local economy. Local businesses related to equipment rental, accommodation, venue rental, transportation, COVID-19 safety measures and catering services will benefit from this influx.

The Hollywood production team will also benefit from the Thai government's incentive program, which offers a 20% rebate for international films that spend more than 100 million baht in the country. The incentive is aimed at attracting major film projects and further boosting the local economy.

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