On 14 October 2014, the Cabinet approved the draft Royal Decree which grants a tax break on domestic tour packages and hotel accommodation to boost the local tourism industry.
Keywords: Mazars, Thailand, Tax, Royal Decree, tourism industry
7 November 2014
By this Royal Decree, businesses and private individuals will be eligible for tax deductions on expenses until 31 December 2015.
Individuals will be allowed to claim 100% of the cost of domestic tour packages or hotel accommodations up to a maximum of 15,000 Baht as deductible expenses against their taxable income for the year.
Businesses will be entitled to a 200% tax deduction for the cost of providing domestic training programmed for employees. Such cost includes conference rooms, accommodations, transports, or other expenses paid to local tour operators.
The draft Royal Decree is to be presented to the King for signature before becoming law.