Thailand’s cabinet announced Tuesday excise tax cuts for alcoholic beverages and entertainment venues in an effort to boost tourism.
Wine will be taxed at 5% and spirits at 0%, a reduction from the 10% tax originally levied on both products. Excise tax on entertainment venues will be halved from 10% to 5%.
The measures are set to expire at the end of this year.
- The tax breaks follow broader measures by the government to boost tourism, including extending the opening hours for entertainment venues until 4 a.m. in Thailand’s most popular tourist destinations.
- According to Thailand’s ...
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