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Thailand Cuts Tax on Alcohol

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Excerpted from MSN

Much like the old saying “row when the tide comes in,” the Thai government is gearing up to boost tourism in the New Year. To achieve this goal, they have lowered taxes for alcohol and entertainment establishments.

The Economic Times reported that Thailand officially approved tax reductions for alcohol and entertainment businesses on the 2nd. Chai Wacharonke, a spokesperson for the Thai government, stated, “This decision aims to breathe new life into the tourism industry,” and added, “The tax cuts for alcohol and entertainment businesses will remain in effect until the end of the current year.”

Thailand has implemented several tax adjustments to attract more tourists, including reducing wine taxes from 10% to 5% and completely eliminating the 10% tax on spirits. Additionally, the country intends to reduce the consumption tax applied to entertainment businesses by half compared to previous rates.

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