According to CNA, Thailand has cut taxes on alcoholic beverages and entertainment venues to promote tourism development.
The tax rates will vary for different items, Thai government spokesman Chai Wacharonke told reporters.
Accordingly, wine tax in Thailand will be reduced from 10% to 5%, and spirits from 10% to 0%.
In addition, he added that the special consumption tax on entertainment venues will be halved, from 10% to just 5%.
According to the National Thailand newspaper, the number of foreign tourists to Thailand has exceeded 27 million visitors in 2023, an increase of 20% compared to 2022.
This is the highest number of foreign tourists visiting Thailand since the COVID-19 pandemic.
The Thai government is aiming to welcome 3.5 million foreign tourists by 2024.
To achieve this goal, the government is working to improve the country's tourism infrastructure and promote Thailand as a safe and attractive destination.
Reducing taxes on entertainment items such as alcoholic beverages is also one of the steps to attract more tourists.
The recovery of Thailand's tourism industry is a positive sign for the country's economy. Tourism is Thailand's main source of income and is expected to continue to grow in the coming years.
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