It Will Soon Be Cheaper To Party In Thailand After Govt Cuts Taxes On Booze & Night Clubs
Taxes on wine will be reduced from 10% to 5% and on spirits from 10% to zero.
By Reuters — 04 Jan 2024, 11:07 AM
Thailand's cabinet has approved a tax cut on alcoholic beverages and entertainment venues to boost tourism, a government spokesperson said on Tuesday, 2 January
Taxes on wine will be reduced from 10% to 5% and on spirits from 10% to zero, Chai Wacharonke told reporters, adding that excise tax on entertainment venues will be halved from 10% to 5%.
The tax measures will expire at the end of this year, he said.
The announcement comes after authorities in November extended opening hours for entertainment venues by two hours to 4am for nighttime revellers and tourists.
Tax revenue losses would be offset by additional tourist receipts, Finance Ministry Permanent Secretary Lavaron Sangsnit said in a separate briefing
Tourism is a key driver of Southeast Asia's second-largest economy. Last year, Thailand reached its target of 28 million tourists, generating THB1.2 trillion (RM161 billion), government data showed.
In 2024, it is targeting more than 34 million tourist arrivals, Lavaron said.
