Thailand has announced yet another measure to boost tourism in the country. The cabinet of Thailand has given the green light to a tax cut on alcoholic beverages and entertainment venues.
The sanctioned measures comprise a reduction in taxes on wine from 10% to 5% and the complete removal of taxes on spirits, which were previously set at 10%. Furthermore, the excise tax on entertainment venues will be slashed by half, decreasing from 10% to 5%. These tax modifications, as detailed by government spokesperson Chai Wacharonke, will remain effective until the end of this year.
The decision comes after Thailand’s move in November to extend the operational hours for entertainment venues, permitting them to remain open until 4 am. This extension is intended to cater to nighttime enthusiasts and enhance the country’s appeal to tourists.
Thailand’s Visa Waiver for India & Taiwan:
Thailand also announced a visa waiver for travelers from India and Taiwan last year, effective from November 2023 until May 2024. During this time, tourists can stay in Thailand for up to 30 days. India has become Thailand’s fourth-largest source of tourism, with approximately 1.2 million arrivals this year, following Malaysia, China, and South Korea.
According to the most recent government data, Thailand received a cumulative total of 22 million visitors, contributing 927.5 billion baht (approximately $25.67 billion) to the country’s economy from January to October 29. The visa waiver for Indian and Taiwanese travelers aligns with Thailand’s strategy to attract more tourists and revive its crucial tourism sector.
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