The Finance Ministry will propose to the cabinet today that the excise tax for spas be waived to help support the domestic tourism industry. Finance Minister Korn Chatikavanij said the proposal would cut the tax to zero from 10% now. Under the law, the excise tax for spas is set at a maximum of 20% of revenues, with an effective rate currently at 10%.
Spa Taxwaiver likely
You Might Also Like
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...