Thailand to Scrap Luxury-Goods Tax to Lure China Travelers

Thailand to Scrap Luxury-Goods Tax to Lure China Travelers Thailand’s government said it will scrap import duties on luxury watches, clothes and cosmetics to help the country compete with Hong Kong and Singapore for wealthy travelers from markets including China. The duty on some luxury goods will be cut to zero from 30 percent by the end of the year, Permanent Secretary for Finance Areepong Bhoocha-Oom told reporters in Chonburi province. Thailand’s SET Index jumped 3.6 percent, as Minor … [Read more...]

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