Cabinet adjusts tax incentives to boost tourism, MICE in minor cities
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Cabinet adjusts tax incentives to boost tourism, MICE in minor cities

The Cabinet has approved changes to the tax measure aimed at boosting tourism and MICE, or meetings, incentives, conventions and exhibitions, in secondary provinces.

After the Cabinet meeting, Mr Natporn Jatusripitak, Advisor to the Prime Minister’s Office Minister, revealed that adjustments have been made to the draft ministerial regulation concerning tax exemptions to promote tourism and MICE activities in secondary cities.

For more inclusiveness, the Cabinet agreed to expand the coverage of the term “non-hotel establishments” to accommodations with no more than four rooms and a capacity of no more than 20 guests which serve travelers on a temporary basis and generate supplementary income for the operators.

Moreover, the meeting gave a nod to the addition of more secondary tourism sites, as suggested by the Ministry of Tourism and Sports, to a list of places where visitors would be eligible for an income tax exemption on tour guide services. Visitors staying at non-hotel establishments would also receive a tax exemption on accommodation fees. Such exemptions would be applicable to the actual amount of payment not exceeding 15,000 baht collectively, made between January 1 and December 31, 2018.

These adjustments, which are estimated to cost the government about 50 million baht, are expected to help stimulate tourism in local communities and distribute wealth across the country. Following the Cabinet’s approval, the revised ministerial regulation will be presented to the Office of the Council of State for a review before being forwarded to the Ministry of Finance for implementation.

Information and Source

Reporter : Surapan Laotharanarit Rewriter : Surapan Laotharanarit National News Bureau & Public Relations : http://thainews.prd.go.th

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