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Thailand Introduces Measures to Support Tourism Sector

11 February 2020

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Approved Changes

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Thailand

The Thai government has announced that the Cabinet approved a resolution on 4 February 2020 for the introduction of measures to support the tourism sector in 2020. The measures are provided to alleviate the impact of the slowdown in the sector caused by the coronavirus epidemic, as well as uncertainty resulting from international trade conflicts. The measures include the following additional deductions: An additional 100% deduction (double deduction) for payments made by companies and partnerships between 1 January 2020 and 31 December 2020: for seminar rooms, accommodation, transportation, and other expenses for domestic seminars arranged for employees; and to tour...