Sector challenges “Thai tourism” at present is about balancing the tourist market. Because the global tourism market is fiercely competitive. And in the past, we relied too much on the foreign tourism market of any one country in 2023…The Tourism Authority of Thailand reported that “Bangkok” is a province with 25.79 million foreign tourists visiting, generating “income” from foreign tourist spending of more than 587 billion baht, an increase of 137 percent from the previous year. An important point is that “Bangkok” is still ranked as the best city…”Best Cities 2024″ in the category of cities that are tourism destinations in Asia Pacific. For the first quarter of 2024, data is also found. that 7.37 million foreign tourists traveled in Bangkok, an increase of 100 percent from the same period last year 14 can generate income from foreign tourist spending of up to 178 billion baht “Currently… the main driving mechanism of the economic system after the COVID-19 crisis It is the tourism industry that is continuously recovering. There is an increase in foreign tourists traveling to Thailand. It has a positive impact on businesses in the service and trade sectors…” Dr. Apiradee Khaothian, Deputy Director of the Office of Small and Medium Enterprises Promotion (OSMEP), also said that in order for SM entrepreneurs ME has an opportunity to benefit from more foreign tourists. We therefore cooperate with the Revenue Department. Move forward with return measures “VAT Refund for Tourist (VRT)” for tourists, also known as “VAT Refund for Tourist (VRT)”, this measure makes “Foreign tourists” have more incentives to buy products. Because you can request a refund of Value Added Tax (VAT) paid in Thailand. This will make…”product prices” cheaper, which will definitely stimulate the economy. which is to increase product trading Leads to the circulation of money in the country. Resulting in employment…higher incomes in many sectors such as trade, manufacturing…various services”The fact that tourists can request a tax refund This makes products and services in Thailand more competitively priced when compared to foreign markets. It helps Thai entrepreneurs to attract foreign customers better.” In addition, the tax rebate for tourists also helps strengthen Thailand’s image as friendly to tourists. As a result, Thailand is popular and there are constant recommendations for people to visit. It cannot be denied that…the opportunity to distribute income to various provinces has increased. “Tourists who use the VAT REFUND service often travel to many provinces for shopping and sightseeing. This has a positive impact on income distribution and economic development at the local level.” Tourists spend money in Thailand and receive tax refunds. will help strengthen “Sustainable tourism” because it has a positive effect on the overall economy Without focusing only on natural resources, the VAT Refund for Tourists : VRT measure is therefore an important tool in promoting the Thai tourism industry and helping make “Thailand” an attractive destination for foreign tourists from seller registration statistics. Products for Tourists (VRT) of the Revenue Department found that Overall, there are 11,088 stores registered throughout the country. It is interesting that…a number of these are shops owned by entrepreneurs. There are only 2,000 SME shops, or 18 percent only. The important issue is…in the Bangkok area. There are 1,133 SME operators registered with VRT, or 57 percent of all SME operators registered with VRT in the country. in important tourist attractions Bangkok, Chiang Mai, Phuket, Chonburi, Hat Yai, etc. are encouraged to register in the system. VRT…measures to increase VAT refunds for tourists It will create opportunities to access tools that help attract foreign tourists to become customers. “Being a VRT entrepreneur helps strengthen the image of SME businesses to look professional and up to standard, which will be popular. From foreign tourist groups…it may result in additional customers within the country as well. That means an opportunity to make money… strengthening the image in an era where the market is open. Competition is high.” OSMEP plays a leading role in promoting and developing SME entrepreneurs, which are over 3 million nationwide. Through development mechanisms… access to markets both online and offline, including various measures to support increasing potential and creating opportunities that are consistent with the business. The above cooperation measures are one of them. In this era, an important issue that the tourism industry must focus on is “sustainability.” Weerapong Malai, Director of the Office of Small and Medium Enterprises Promotion (OSMEP), said that we will integrate and push forward the promotion of entrepreneurs. To have the potential to keep up with the changing world situation. Link related benefit information…public and private sectors. To increase competitiveness in various dimensions, for example, “SME Privilege Club, a special club for SMEs” focuses on 3 important areas: increasing productivity…reducing costs. Expanding marketing channels and linking funding sources which is an important mechanism for promoting Develop entrepreneurs It also causes the exchange of information…acknowledging the needs of entrepreneurs. We will continue to act alongside “SME”…a good partner for Thai entrepreneurs forever. Follow the news study and learn Various policies can go together through the “SME connect” app, reinforcing the VRT measure…returning “Value Added Tax”. The Office of Small and Medium Enterprises Promotion (OSMEP) would like to join in being a small piece of the jigsaw to drive There is an increase in market share among foreign tourists. Importantly, it also encourages more “SMEs” to enter the system (Formalization). Brief details are: We will organize activities to promote and support SME entrepreneurs. The entire group that is not yet in the VRT system will have knowledge, understanding, and ways to easily participate in the measures. At the same time, groups that are already in the VRT system will be supported to be in the VRT Blockchain…collecting transaction accounting information to help increase tax return efficiency. To be more convenient and faster Recently there was a seminar on the topic “Build strengths, increase selling points with the 3R strategy under the VRT measure” in Bangkok province This is the fourth activity organized after the first pilot event in Chiang Mai Province. At the end of last year And in the last two months there have been two activities organized in Pattaya. Chonburi Province And Phuket Province expects that… in 2024, SME operators will be able to create value in selling products to foreign tourists not less than in 2023, including developing business potential to have increased competitiveness. Create money to circulate in the Thai economy to grow continuously. Click to read more column “Scoop Page 1”.
