Thailand Lowered Its Luxury Tariffs To 5% From 30%.

< p > in order to stimulate consumption and promote tourism revenue, Thailand has come up with a new strategy: reducing the < a href= "http://sjfzxm.com/news/index_q.asp" > luxuries tariff < /a > from 30% to 5%.

The industry believes that once Thailand's luxury import tax is substantially reduced or reduced, it will have greater appeal to Chinese people and even threaten the status of Hongkong's shopping paradise.

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< p style= "text-align: center > > tariff reduction to promote tourism industry: Hongkong < /p >

< p > the Ministry of Finance spokesman of Thailand said recently that the Ministry of finance will submit a proposal to reduce the luxuries tariff to Vice Premier and Minister of finance Gidira, including perfume, cosmetics, brand name "a target=" _blank "href=" //www.sjfzxm.com/ "> clothing" /a "," a target= "_blank" href= "" _blank "," shoes "," shoes "and" luxuries "and other luxury goods tariffs will be reduced from 30% to 5%, equivalent to the tariff of watches.

It is expected that jidera will be approved by the end of this month.

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< p > according to a person familiar with the matter, Thailand's financial sector plans to reduce the import tax rate of some luxury goods from about 30% to 5% in the next two months, or even completely exempt from it.

Perfume, watches and clothing may become the first batch of goods covered.

Thailand's Finance Department expects that the import tax cut will lead to a loss of about 100 million baht (about 19 million 50 thousand yuan) by the Thailand government.

However, the increase in the number of foreign tourists will make up for the loss of import tax.

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< p > the move of the Thailand government is intended to compete with Hongkong and Singapore for resources from foreign tourists including China.

Officials say Chinese tourists are the main target of the Thailand government's move.

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Less than P, Thailand's economic growth rate is only 3.8%, and Thailand's tourism and services account for half of its gross national product. The Thailand government hopes that the number of tourists this year will increase by 18% to 26 million 400 thousand people, so as to reduce the impact of the economic downturn.

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< p style= "text-align: center > > Thailand Gaysorn Plaza shopping plaza < /p >

"P," said KGI Securities Research Director. Luxury tax exemption policy will become a catalyst for Thailand's tourism industry. The global economic downturn has not affected the number of tourists, and tourism related industries still have a large market.

The report also said that last year, the number of tourist arrivals in Thailand increased by 16% to 22 million 400 thousand, of which the number of Chinese tourists increased by 62%, reaching 2 million 800 thousand.

According to preliminary statistics from Singapore government, Singapore received 14 million 400 thousand tourists last year.

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Tos Chirathivat, chief executive officer of Thailand Central Retail Group, said that Thailand's infrastructure and shopping places are not inferior, plus excellent service industries, as well as cheap leasing and labor costs. Thailand can compete with Hongkong and P.

Sujjapongse said Chinese tourists are the main target of the Thailand government's move.

Chirathivat believes that Thailand is located in the central location of India, China and Singapore. The short distance between 3 and 6 hours can attract foreign tourists to Thailand at the weekend.

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< p > Fifth Avenue luxury goods network Sun Yafei CEO believes that the adjustment of luxury import tax in Thailand is very large, which will have an impact on the price of luxury goods, but ultimately how much cheaper it will depend on the control of profits by local agents.

"Thailand is likely to become the second China Hongkong," Sun Yafei said. This is a great pull for Thailand's tourism industry and will be divided into Chinese mainland tourists.

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< p style= "text-align: center >" travel agency will open a shopping tour line < /p >.

< p > tourism consumption has entered the era of popularization. Although tourists' demand for service consumption has gradually increased, physical consumption is still an important part of tourism consumption, and the proportion of tourism consumption in recent years has been increasing year by year. Shopping is one of the important experiences of tourism itinerary.

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< p > in the past, most people visited Thailand for sightseeing, while shopping tended to be a souvenir with Thailand characteristics. Luxury purchases were not the main purpose.

At present, the price of local luxury goods in Thailand is lower than that in the mainland of China. However, compared with China's Hongkong, Singapore, Dubai and other places, the advantage is not obvious. Many international travel agencies do not set up Thailand Shopping Tours.

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< p > Thailand Hotel and resort association chairman Su Jia Jia said that the Thailand government's zero tariff policy on luxury goods is the right time.

Although Thailand has great advantages in tourism and scenery resources, Singapore and Malaysia, Hongkong, China, Macao and other countries and regions are also attracting tourists' shopping shrines. Therefore, if Thailand does not lower the tariffs on luxury goods, it will lose its advantages in competition with other countries.

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"P China tax exemption report" recently released by the Institute of wealth quality shows that 44% of mainland consumers' overseas purchases have been achieved in Hong Kong and Macao this year.

Bain's report shows that last year, Chinese people bought 25% of the world's luxury goods, mostly for overseas purchases.

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< p > analysis from the North Business Research Institute shows that once the import tax falls, mainland tourists will go to Thailand more actively in the future. "Hongkong, China is a shopping city with less leisure items.

Thailand has great advantages.

The mainland is also almost the same time as Thailand and Hongkong.

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Ding Ding, who travels in Thailand for more than 10 years, believes that "because of low tariffs, luxury goods in Thailand are generally 30% cheaper than that in China. If they meet new festivals, Songkran Festival, father's day and other festivals, or even discounted shopping hours in the market, they can even buy goods that are half cheaper than those in the country."

For many tourists who are free to shop, even if they do not cut tariffs, Thailand is already a shopping paradise. Now that tariffs are down, people who shop in Thailand will definitely increase significantly.

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< p > but Zhou Ting, director of the Institute of wealth and quality research, does not think Hongkong needs to worry about the status of shopping centers. Although the reduction of luxury import tax will stimulate Thailand's tourism consumption, Hongkong is still better than Thailand from the current market capacity and maturity.

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