BSA Law: Domestic Tourism Spending Throughout December 2016 Is Tax Deductible

The Thai Cabinet has approved a tax incentive measure, advises BSA Law, that will allow spending made on domestic tourism in December 2016 to be used as a personal tax deduction. End Quote

(1888PressRelease) December 09, 2016 - The incentive applies from 1 to 31 December 2016 and allows for up to Bt15,000 spent on domestic tourism during the period to be deducted from a person's taxable income.

The tax incentive measure is aimed at spurring spending on domestic travel around Thailand, and the Cabinet's approval comes in light of government assistance to other sectors and the year-end high season for tourism.

"Together with earlier approved measures for spending on shopping and restaurants, it means that Thais will be able to potentially enjoy up to Bt30,000 in tax deductions for their spending on domestic tourism", noted BSA Law spokesman Apisakdi Kongkangwanchoke.

These are the latest in a series of tax incentive measures that have come from the government. Similar tax deduction schemes were held during the traditional Thai New Year of Songkran in mid April 2016 for spending on dining and travelling inside the country, and the 2015-2016 New Year period for goods and services purchased during the holiday.

A leading international law firm in Thailand, BSA Law has been serving the Thai and foreign communities for over three decades with its range of expert legal and financial services. Among its specialty areas is tax consulting and accounting, including the handling of Personal Income Tax filing for a number of clients.

"Those who do their own yearly return are welcome to contact us for advice and assistance should they need it. On the same note, for those who prefer, we can take care of the entire process for them", said BSA Law's Apisakdi.

Other areas of expertise at BSA Law include Thai labour law, Thai law in general, corporate law, contracts, property, intellectual property, insurance, investment and starting a business in Thailand.

The dedicated Thai visa service desk at BSA Law specializes in visa and Thailand work permit matters.

About BSA Law:
For over 30 years, Bamrung Suvicha Apisakdi Law Associates (BSA Law) has focused on providing reliable legal advice and services to the Thai and foreign business community in Thailand. BSA Law seeks to provide international standards of legal services while retaining the customs of the Thai business culture.

For more information please contact:
Jim Byrne
Business Advisor, BSA Law.
Email: jim ( @ ) bsalaw dot co dot th

http://www.bsalaw.co.th

###

Visit Bsa Law Website

space