Thailand unveils double tax incentives to boost tourism

The Thai government has driven the country’s economy forward by implementing the “Quick Big Win” plan, to be accomplished within four months, focusing on five key pillars: stimulating the economy and tourism, solving debt issues, supporting SME entrepreneurs, increasing public savings, and building future industries.

Eknithi Nitithanprapas, Deputy Prime Minister and Minister of Finance, proposed tourism stimulus measures to the Government’s first economic ministers committee meeting on 15 October, chaired by Prime Minister Anutin Charnvirakul. As a short-term measure, a tax deduction of 20,000 Thai baht (approximately 615 US dollars) for travel expenses will be available from 29 October to 15 December 2025. Those who travel to secondary cities (lesser-known cities) will receive a 1.5 times tax deduction. This initiative aims to distribute revenue to secondary cities.

The Government is also aiming for long-term results. The Government encourages hotels and accommodations in secondary cities to renovate their properties to make them more attractive to tourists. These hotels will be able to deduct up to two times the tax on the renovation expenses. Sustainability is also promoted, such as installing solar panels and implementing waste water treatment facilities.


Line

Vote Point :
StarStarStarStarStar
Comment
image
opinion