Thailand Cutting Selected Tourist Taxes
September 22, 2014 Taxation in Thailand
BANGKOK – Thailand is looking to help the national economy by reducing the tax obligations on selected luxury tourist attractions.
On September 22nd the general director of the excise department of Thailand Somchai Poonsawat announced that the government may soon give holidays to golf courses and health spas in order to facilitate the national tourism industry.
Under the scheme, the government will drop the 10 percent excise duties levied on the fees paid to golf clubs for membership fees or golf course fees, and the 10 percent excise tax levied on top of the fees charged for spa treatments.
The upcoming cut is not the only move Thailand is making to boost the tourism industry, as currently looking at allowing local individuals to deduct as much as TBT 15 000 per year from their personal income obligations for any domestic travel packages or accommodation booked.
Both moves are aimed at fostering growth in the tourism industry, which accounts for approximately 10 percent of the national GDP, although this portion is expected to fall due to the political unrest in the country.
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