วันอังคารที่ 22 ตุลาคม พ.ศ. 2556

BOI will help with efforts to boost tourism revenue


Tourism and Sports Minister Somsak Pureesrisak and officials from the Tourism Council of Thailand (TCT) and the Board of Investment (BOI) has discussed ways to promote investment in major projects related to tourism revenue in an effort to push the sector to Bt2.2 trillion by 2015.
Somsak said one route being examined reduces the required minimum investment to qualify for tax breaks and other incentives to DT100 million. Such projects could include a large amusement parks and renovation of existing hotels.
The Minister met with BOI and TCT officials last Friday. This was the first time that the BOI has officially been invited to discuss ways to move projects forward in ministry and TCT. At present, the BOI is offering incentives on projects investment of more than Bt500 million. The minimum requirement makes it difficult for operators to qualify.
Investment to rise
The campaign to promote investment in tourism following a meeting on the issue that Prime Minister Yingluck Shinawatra calls for tourism revenues to reach Bt2.2 trillion. He asked the BOI and the Ministry of Finance to consider lowering import tax on equipment amusement-park from 25 percent at present and reduces minimum investment of Bt500 million needed to receive incentives from the table.
The aim is to boost the national tourism industry, that includes mainly small and medium-sized enterprises, and to increase the competitiveness of Thailand over regional rivals before the 2015 launch of the Asean Economic Community.
TCT Piyaman Tejapaibul president raised the issue of financial resources available to potential investors. She urged the government to consider measures such as 3-offering MLR (minimum lending rate less 3 percentage points) or no interest in the first three years of the loan period of seven years.
Other possible measures include double claiming depreciation costs, excluding tax on machinery and equipment imports, and waive corporate tax for eight years, said Piyaman.
The council president said the criteria should be defined for hotels in offering incentives. Examples include requiring a hotel to operate for at least 10 years; investment of more than DT100, 000 per room, or spent on a total renewal at least 4 per cent of total revenue for the three financial years.
In the sector-ship cruise and passenger-boat, the TCT has asked the BOI to offer incentives to boat building projects valued over T50 million. The council is also keen to promote the purchase of a new boat engines.
BOI secretary-general expressed support for the proposals Udom Wongviwatchai and promised to consider the possibility of expanding investment promotions. He noted that the tourism industry is a major revenue contributors to the country, on the strength of increased flow of foreign tourists into the Kingdom.

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