Thailand Passes Tax Exemption for Foreign Actors, Boosting Incentives – The Hollywood Reporter

Thailand bolstered its film incentive program on Tuesday by approving a tax exemption for all foreign actors who work on film or television productions in the country. The new measure will remain in effect for a period of at least five years.

Thailand has had an incentive program in place since 2017 to entice international productions to shoot in the country. Existing measures include a 15-20% cash rebate on all production expenses in the country, up to a maximum of 75 million baht (about $2.1 million at current exchange rates). But foreign actors were previously required to pay taxes to Thailand on their earnings while working in the country, in addition to any tax obligations they might have in their home country (the United States requires its citizens to pay taxes regardless of their place of work and residence). in the world). The new exemption should further ease the path for global producers to select Thailand as a major filming location for their projects.

Thailand’s strong base of local crews and stunning natural and urban environments have made it a popular location for overseas filmmakers. Gareth Edwards (Rogue One: A Star Wars Story) is currently in production in the country with this big budget sci-fi True love, with John David Washington and Gemma Chan. Other notable projects that have been set up in the country include Prayer Before Dawn, The Hangover Part II, The Beach, The Impossible, No Escape and Chinese blockbuster Lost in Thailandamong others.

Deputy Thai government spokeswoman Rachada Dhnadirek said on Tuesday that local revenue from foreign film projects has continued to grow in recent years, averaging about $100 million (3.5 billion baht) a year from 2017 to 2021. Last year, however, foreign production revenues hit $11.3 million (just under 400 million baht) amid continued COVID-related challenges.

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