“0% tax on liquors” – Thailand Cuts Tax for Alcohol & Entertainment Venues to Further Boost Tourism

Thailand experienced a great year for tourism in 2023 and saw a whopping 3.8 million Malaysians visiting their shores. And it looks like there may be an even bigger boost in tourism in 2024. Here’s why!

According to a report by Bangkok Post, the Thai government has approved tax cuts on alcohol and entertainment venues in an effort to further increase tourism in their country.

A government spokesperson, Chai Wacharonke, shared that taxes on wine will be reduced from 10% to 5% while taxes on spirits will be completely brought down to 0%. Excise tax on entertainment venues such as nightclubs will also be cut in half, from 10% to 5%.

Though, these tax cuts will only be for 2024 and will expire at the end of the year.

The Thai Finance Ministry’s Permanent Secretary, Lavaron Sangsnit, added that the losses from the tax cuts will be offset by additional tourist receipts.

This comes after the Thai government had extended operating hours for entertainment venues to 4am back in November 2023. Last year, Thailand achieved their target of 28 million tourists, generating 1.2 trillion baht (RM162,346,770,720.00) in revenue.

What do you think about this? Do feel free to share your thoughts in the comment section.

Also read: Thai Tourists Allegedly Feel Discouraged to Visit M’sia as the Service is Bad & We’re Not Friendly