The business brought in more than 5 billion baht to the country last year. Ratchada Thanadirek, the PM’s Deputy Spokesperson, said the government wants to promote Thailand as a film-shooting location and hopes that movie producers will take advantage of the income tax exemption. Foreign film actors who earn money from foreign films shot in Thailand are eligible for a 5-year personal income tax exemption, according to the cabinet. Thailand benefited substantially from international film crews, according to Ratchada, receiving an average annual income of around 3.5 billion baht between 2017 and 2021.
Thailand has previously provided financial incentives to the film industry, including a cash return of up to 15% to 20% of the costs incurred by film crews in Thailand. Foreign celebrities, on the other hand, used to have to pay personal income tax. The government stated that they hoped to attract more film crews and that the film sector was expected to produce 17.5 billion baht over the next five years. Ratchada Thanadirek, the PM’s Deputy Spokesperson, said the government wants to promote Thailand as a film-shooting location and hopes that movie producers will take advantage of the income tax exemption.
For foreign performers, Thailand gives a 5-year income tax exemption
