Report: Thailand looks to bolster parks estate
The Thai government is being asked to create new incentives that will promote the development of amusement and theme parks in the country, reports indicate.
"Thailand has set a lofty plan to boost tourism income to THB2tn ($64.2bn) by 2015," Suwat Sidthilaw, the country's tourism and sports secretary, told the Bangkok Post.
"The government needs to improve in many areas including support for tourism-related facilities, easing visa extensions for long-stay visitors and better safety measures."
Thailand's Board of Investment now offers tax privileges to amusement park start-ups that invest more than THB500m ($16m).
The privileges include import tariff waivers for machinery and a corporate tax exemption for five years in Greater Bangkok, seven years in 12 other large provinces and eight years in remote, low-income areas.