Thailand cuts tax on booze to boost tourism - TravelMole

Thailand cuts tax on booze to boost tourism

Tuesday, 02 Jan, 2024 0

In a boost for tourism, the Thailand government has approved a tax cut on alcohol and for entertainment venues.

Taxes on wine will be halved from 10% to 5% while the 10% tax on spirits will be scrapped.

Also, the excise tax levied on entertainment venues will be halved to 5%.

They are temporary measures which will last until the end of 2024.

It is the latest move to boost the night time entertainment industry after opening hours were extended to 4am recently in major tourism areas.

Finance Ministry Permanent Secretary Lavaron Sangsnit said additional spending by tourists will offset any cut in the tax revenues.

The government said it reached the amended tourist arrivals target of 29 million in 2023.

It is forecasting 34 million tourist arrivals for 2024.


Learn more about :   Amazing Thailand ( United Kingdom )     Amazing Thailand ( N. America )     Amazing Thailand ( Asia Pecific )  



TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

Most Read

Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms

Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand

Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims

TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka

Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences

Florida’s Tourism Boom: Dana Young Analyzes Surge in UK Visitors

Elliott Ferguson’s Vision: Elevating Washington DC’s Global Appeal

Empowering Travel Agents and Tour Operators: A Conversation with Go Nexus Group President

Expedia TAAP incorporates AI for their 100,000 registered agents

Travefy CEO & Founder Talks About Their Itinerary Management For Travel Professionals

MMGY’s Jonathan Sloan: A Tale of Triumph Amidst Adversity

Unlocking Opportunities: Viator Empowers Travel Agents with Innovative Tools and Expansive Offerings

Our emails to you has bounced Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari