Bangkok, March 23-Krungthai is ready to welcome tourists from all over the world. Upgrading VRT services to stimulate spending supporting the economy to grow by 3.4 percent
Krung Thai Bank ready to welcome the return of tourists from all countries with comprehensive financial services Upgrading the VAT Refund for Tourists (VRT) service to facilitate tourists and strengthen entrepreneurs support the recovery of the tourism sector After China relaxes the Zero COVID policy, foreign tourists are expected to increase by 27.1 million, supporting GDP in 2023 to grow by 3.4%.
Krung Thai Bank Focus on strengthening the business sector with the VAT Refund for Tourists (VRT) project to help increase the flexibility of stores. Reduce the process of issuing tax refund documents and reduce errors in tax invoice information. The purchase information of tourists will be sent directly to the Revenue Department. through blockchain technology increase work efficiency facilitate tourists To make consideration of VAT refunds accurate, convenient, and fast, helping to stimulate more tourists’ spending. As a result, many leading stores have come to use the service, such as King Power, department stores in the Siam Piwat chain, Louis Vuitton and The Mall Group.
In addition, it also pleases shoppers with the “Thailand VRT” application, hoping to facilitate tourists in checking information about purchasing goods and services. VAT refund information in one click Reduce the time for claiming VAT refunds The system will display the status of the tax refund in real time. and access to the application 24 hours a day. Mastercard, JCB and UnionPay There is also a way to get cash back through an online wallet on the Alipay or WeChat application to support the use of the service for tourists from China.
For foreign tourists, they will enjoy shopping in Thailand without interruption. through the cash withdrawal service at an ATM with real-time exchange rates Ready to exchange foreign currencies up to 20 currencies with good rates. At every branch of Krung Thai Bank and over 1,000 foreign exchange service points nationwide Ready to offer a Krungthai Travel Card for Thai tourists who want to travel abroad. flexible spending no need to carry cash which can exchange money anywhere on the Krungthai NEXT app. Stores interested in VRT services can contact us at All branches of Krung Thai Bank or Krungthai Contact Center, call 02-111-9999. For other products and services, call 02-111-1111.-Thai News Agency
Source: Thai News Agency