Hotel operators' request for an extension of the land tax reduction was dismissed by the finance minister, prompting the Thai Hotels Association (THA) to seek a new solution to ease cash-strapped operators' financial burden.
Marisa Sukosol Nunbhakdi, THA president, said the association met on Monday with Finance Minister Arkhom Termpittayapaisith and was told that extending the 90% reduction on the land and building tax for another year is impractical as the ministry had already sent tax invoices to landlords with a fixed July deadline.
She said because some hotels in certain provinces are permitted to make instalment payments over three months, the THA would like every local authority responsible for tax collection to apply this solution to hotel operators.
