Thai govt set to revise perks for tourism investment

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NSTregion: Prayut said the tourism industry played a major role in the economy, making up 20 per cent of the nation’s gross domestic product (GDP).

Prime Minister Prayut Chan-o-cha said the government had pledged to introduce additional short-term measures to stimulate tourism during the high season this year and the first quarter next year to help the overall economy.quoted Prayut as saying that the government was implementing various measures to boost the tourism industry, both in the short term and long term, as well as tackling existing obstacles that impede tourism development.

The sector is also capable of contributing more if the government can address obstacles and produce more cooperation among related agencies. He said short term measures should be implemented within a few months to stimulate tourism during the high season and the first quarter of next year. He added that hotels should enjoy the same privileges offered to investors, like a corporate income tax exemption for five years, because they normally make profits after five years of operation.

 

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