Ministry to consider tax deduction on travel expenses for older people to encourage tourism 

The Ministry of Finance says it will propose tax deduction on travel expenses for the older people to encourage them to travel to boost tourism.

According to the ministry, older people aged between 55-70 years or the “silver age” group, has strong buying power, twice higher than any other age groups as they can spend their savings on recreation.

Thailand has about 10.4 million people aged between 55-70 years.

Deputy Prime Minister Somkid Jatusripitak has instructed the Ministry of Finance and the Revenue Department to design the tax incentive scheme to boost tourism among the silver-age population, while the Tourism Authority of Thailand would design package tours with special discounts for the older people.

Regarding the tourism during the Songkran festival in April, the Ministry of Transport will propose to the Cabinet to implement toll exemptions for several major roadways from April 11-18.

On April 13, the Songkran Day, which is also the Family Day, people aged above 60 years will be offered free bus and subway rides.

It is expected that more than 15 million people will travel during this long holiday period, a five per cent drop from the same period last year.