January 2, 2024Business Desk

Thailand implements tax cuts on alcohol

The Thai cabinet has greenlit tax reductions on alcoholic beverages and entertainment establishments in a bid to rejuvenate the country's tourism sector.

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Specifically, the tax on wine will be slashed from 10 per cent to 5 per cent, while spirits will no longer carry any excise tax, down from the previous 10 per cent.

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Additionally, levies on entertainment venues will undergo a reduction, plummeting from 10 per cent to 5 per cent.

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Further enhancing the nightlife experience for tourists and locals alike, Thailand had previously extended operating hours for entertainment venues, now allowing them to remain open until 4 am.

Source: Unsplash