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Thailand Boosts Tourism with VAT Refund Program for Pattaya SMEs

  • Thailand is focusing on involving small and medium enterprises (SMEs) in the VAT Refund for Tourists (VRT) program to revive its tourism industry
  • Dr. Apiradi Kaewthien of OSMEP emphasized the importance of SMEs in driving tourism and economic recovery
  • Tourism contributes 10 percent to Thailand’s GDP and government policies are aimed at revitalizing the industry
  • The VRT program aims to stimulate tourist spending and increase income for entrepreneurs in tourist hubs
  • OSMEP is actively promoting SME involvement in the VRT program to leverage the purchasing power of foreign tourists
  • The objective is to raise awareness among SME entrepreneurs about the program’s benefits and procedures
  • The initiative will broaden market opportunities for SMEs and facilitate their integration into the formal economy
  • Dr. Apiradi visited various businesses in Pattaya to promote the campaign and show government support for tourism stimulation and SMEs


Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.


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