fbpx
Connect with us

News

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

Published

My Post 1 2024 01 03T162340.108
Source: 123RF & 123RF

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

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.

Thai 1

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%.

Thai 2

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

My Post 1 2023 12 27T170849.170

Source: 123RF
Source: 123RF

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Article Featured Image 18 Article Featured Image 18
News4 hours ago

This is Nur Hadith, The Bodyguard Who was Shot Protecting His VVIP Client

The shooting at KLIA case took everyone by surprise this morning, and left a lot of people worried for the...

Article Featured Image 13 Article Featured Image 13
News10 hours ago

KLIA Shooting: 5 Updates About What Happened So Far

Shooting cases are rare in Malaysia, especially due to our country’s very strict gun control laws. So, when something like...

Article Featured Image 11 Article Featured Image 11
News11 hours ago

Police on A Manhunt for This Gunman, Urge M’sians to Contact Them If They Have Info

Police has alerted that the man, now identified as Hafizul Harawi, is considered arm and dangerous. The 38-year-old is being...

Klia Shooting Suspect Klia Shooting Suspect
News12 hours ago

UPDATE: KLIA Shooting Suspect Had Criminal Record, Harassed Wife Twice Before Incident

By now, many would know that a Malaysian man had fired 2 shots at his wife at 1:30 am in...

Article Featured Image 10 Article Featured Image 10
News13 hours ago

Monk Caught in Bed With Politician is Her Adoptive Son, Gets Millions of Baht from Her

The news that broke Thailand recently seems to keep getting crazier and crazier! In a viral video captured by a...

Klia Shooting Klia Shooting
News16 hours ago

BREAKING: Man Tries To Kill Wife by Shooting Her in KLIA

In the wee hours of the morning on 14 April, a man fired 2 shots at his wife at the...

Feat Iamge Aeon Feat Iamge Aeon
News1 day ago

Johor Islamic Dept Seizes 11 ‘Floormats’ With Kaabah Images, Turns Out They’re Actually Prayer Mats

The Johor State Islamic Affairs Department (JAINJ) today revealed that it seized 11 floormats bearing the images of the Kaabah...

Article Featured Image 8 Article Featured Image 8
News1 day ago

Viral Video Shows Husband Catching Alleged Politician Wife in Bed with A Monk

A recent video clip shared by the Facebook page “I Sor Khayi Kkhao” went viral as it shows a politician’s...

Announcement

Latest Videos



TRENDING TODAY