Thailand Cabinet Approves Tax Incentives to Boost Domestic Tourism

Deputy Finance Minister Paopoom Rojanasakul announced on Tuesday that Thailand’s cabinet has given the green light to tax initiatives aimed at stimulating domestic tourism during the low season. The measures, applicable from May to November, entail tax deductions for firms hosting conventions and seminars.

To further encourage travel within the country, additional measures have been introduced to promote visits to secondary cities. These include provisions for income tax deductions relating to expenses incurred for homestays and non-hotel accommodations.

Prime Minister Srettha Thavisin mentioned that while these measures would lead to a revenue loss of 1.5 billion baht for the government, the anticipated benefits would outweigh the costs.