October 25, 2021

ParkMapper

Complete News World

Thailand is set to implement the tourism tax next year

Thailand will implement a 500 baht (12.81 euro) tourism tax next year for the “Tourism Transformation Fund”.

The Center for Economic Management approved the creation of the fund last week.

Yudasak Subasorn, Governor of the Tourism Authority of Thailand (TAT), is expected to start collecting 500 baht next year, with a target of 5 billion in the first year and 10 million in 2022.

The National Tourism Policy Committee has approved the launch of this fund in January this year, with a proposed tax of 300 baht.

See: Thailand charges tourism tax for foreign visitors

Go from mass tourism to regular tourism

Mr. Yudasak said they would allocate an additional 200 baht for projects started by the private sector, social businesses or community organizations.

Help the country rearrange itself from mass tourism to a more valuable economic model or an organic, circular and green economic model; And eco-tourism.

“The projects should be co-developments and the government should use the funds to support projects that can create economic impact.

The public-private financial support ratio could be 50:50, 60:40 or 70:30, depending on how much importance we place on doing these projects, ”he said.


Insurance for tourists

The fund is also a budget for insurance and development programs for overseas visitors, which requires more government initiatives than the private sector, and requires appropriate grants from local governments.

Thailand’s Minister of Tourism and Sports Bipat Ratchakit Prakarn said last January that the highlight of the tourism tax would be to take care of sick or injured foreign tourists and provide adequate medical care.

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Of the tax amount, 34 baht should be used for the insurance plan, Bipat said.

This tax was not levied against the financial impact of the epidemic

Once the proposal is approved, the Ministry of Tourism and Sports and the TAT will discuss with the concerned authorities the financial mechanisms such as setting up a finance committee and levying fees from tourists, he said.

Group criteria should be developed to determine which projects are eligible for financial assistance.

“The extra price will not affect tourists because we want to focus on the quality market,” Yudasak said.

“We hope these funds will transform national tourism by creating safer and cleaner spaces.”

The goal of the fund is not to deal with the financial impact of the epidemic, but rather to focus on long-term local economic growth.


Source: Bangkok Post