Thursday, November 21, 2019

Branded goods not getting cheaper in Thailand any time soon

Oct 21. 2019
The Finance Minister Uttama Savanayana
The Finance Minister Uttama Savanayana
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By THE NATION

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The Finance Minister Uttama Savanayana denied he has discussed the possibility of reducing tariff on branded goods to 5 per cent from the current 30 per cent with the Tourism Authority of Thailand.

He said he needs to study the issue in detail first before he can tell if the tariff should be reduced. 

Meanwhile, the Fiscal Policy Office's director-general Lavaron Sangsnit said the minister has yet to tell the office to study the case. 

Recently, Tourism and Sports Minister Phiphat Ratchakitprakarn said he wants cuts in tariffs of well-known brands to attract more tourists.

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