Cabinet approves tax cut for tourists visiting less popular destinations

SUKHOTHAI, Dec 26 – The cabinet has approved a tax incentive for tourists visiting 55 provinces considered as secondary tourist destinations next year. Under the measure, visitors to the provinces can deduct up to 15,000 baht of their tour-related spending from their taxable income, Finance Minister Apisak Tantivorawong said. The case covers spending on certified accommodation, tour guide services, food and local products among others. People to seek the tax deduction must present receipts from tourism-related operators. The measure was aimed at increasing the income of people in the provinces. Juristic entities can also enjoy the tax incentive if they spend on organizing seminars in the 55 provinces. They could deduct their taxable income equivalent to two times of their spending for the purpose, Mr Apisak said. The government would lose its tax revenue by only 200 million baht while promoting domestic tourism, he said. The 55 provinces include Udon Thani, Chiang Rai, Chaiyaphum, Sa Kaeo, Lampang, Lamphun, Roi Et, Ranong, Kamphaeng Phet and Amnat Charoen. (TNA)