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THAILAND: 23-Day Tax Break Announced In Bid to Boost Festive Sales

In a bid to give an extra boost to consumer spending over the holiday period, the Thai government has announced that its annual tax deduction scheme will run for an extended period from 11 November to 3 December. Consumers can claim the deduction on producing receipts for items purchased during the specified period.

The scheme will see a maximum tax deduction of Thai baht 15,000 (US$420) allowed against purchases of most goods and services across the country. A number of items, including any spending on fuel, cars, motorcycles, boats, cigarettes, alcoholic beverages and hotel accommodation, are exempt from the scheme.

Content provided by Picture: HKTDC Research
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