Cabinet approves budget for third runway at Suvarnabhumi
The Cabinet approved plans for a third runway at Suvarnabhumi International Airport which will be able to handle 30 flights an hour. Currently Suvarnabhumi handles 64 flights an hour on two runways. An environmental impact report will need to be submitted before the project, valued at 21 billion baht, can go ahead. The new longer runway will be near the cargo terminal in a bid to cut down congestion caused by cargo planes taxiing between the current further runway and the terminal. The airport has started expansion that is expected to be completed in 2020 as it currently operates at 60 million passengers, well above the capacity of 45 million. The expansion will lift capacity to 60 million and the following stage should boost capacity to 90 million by adding a fourth runway and another terminal.
The Revenue Department plans on reinstating tax breaks for second tier provinces to boost domestic tourism in the 55 provinces. The tax deduction for travelling in 55 second-tier provinces will remain unchanged at 15,000 baht per taxpayer and eligible spending includes accommodation, food, souvenirs, transportation, and travel agents who are in the tax system. The scheme was set in place in 2018 and will be reinstated for the second and third quarters of 2019. Travel to twenty-two provinces that are considered top tier destinations are not eligible for the tax breaks and include Bangkok, Chiang Mai, Surat Thani, Krabi, Chonburi, and Songkhla.
The Treasury Department issued a notice that the new method of appraising the value of land and buildings would not increase land and building taxes. Appraised building prices will be lower than construction costs and will be based on length and width. The new bill will also shorten the length of the appraisal process for land valued and make it easier to appeal the values leaving it to the provincial office rather than the national office as in the past.