Cabinet increases tax incentives for tourism sector.

By bne IntelliNews June 17, 2010
The Thai cabinet has approved an increase in the tax incentive scheme for the domestic tourism sector. As reported by Dow Jones Chinese Financial Wire, the incentive scheme would allow individuals to deduct upto THB 15,000 (USD 463) from their taxable income for expenditure on accommodation bills paid to local hotels. The scheme is an extension of the THB 15,000 tax deduction allowance for individuals buying domestic package tours from local operators.

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