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Thailand Introduces Measures to Support Tourism Sector

|Approved Changes|Thailand
Thailand

The Thai government has announced that the Cabinet approved a resolution on 4 February 2020 for the introduction of measures to support the tourism sector in 2020. The measures are provided to alleviate the impact of the slowdown in the sector caused by the coronavirus epidemic, as well as uncertainty resulting from international trade conflicts. The measures include the following additional deductions:

  • An additional 100% deduction (double deduction) for payments made by companies and partn…

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