Thailand on Saturday unveiled plans for film and TV production incentives during an event held in Cannes.
Thailand will offer a 15 percent cash rebate on all in-country production spending beginning in 2017. Every production with a local spend over $1.5 million (50 million baht) will automatically get the 15 percent rebate.
The total can rise to up to 20 percent
Beyond the 15 percent, an additional 3 percent is available if a project hires a Thai actor or actress for the lead role or key Thai production staff. Another 2 percent is available for movies deemed to promote Thai tourism.
“We already had a very good reputation for having some of the best crews and locations in the region,” Kobkarn told THR
General Tanasak Patimapragorn, the country’s deputy prime minister and chairman of the National Film and Video Committee, and Kobkarn Wattanavrangkul, Thailand’s minister of tourism and sports, unveiled the incentives, which industry insiders in the country had been hoping for and anticipating for years.
“We are confident that this incentive will make Thailand even more competitive. We hope it will help us attract not just more productions, but also higher quality films.”
Thailand’s natural environment and lively urban scenes make it popular with overseas filmmakers, and the big success of Chinese movie Lost in Thailand in 2013 resulted in a huge rise in the number of Chinese tourists to the country.
Big productions shot in the country in recent years include The Hangover Part II, The Beach, The Impossible and No Escape
Thai economy in the pandemic era: can it ever be the same?
What is the way forward for Thailand, and how strong is the case for a radical overhaul of economic and development policies?
Forecasts for Thai economic growth this year have been widely slashed to less than 2%, some much lower, reflecting growing gloom about the trajectory of an economy battling the third wave of COVID-19 and resulting lockdowns and social distancing measures.(more…)
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.
Subscribe via Email
One-stop SME information portal connecting ASEAN businesses and beyond
The ASEAN Access is a flagship initiative of the ACCMSME, spearheaded by the OSMEP, Thailand and supported by the Federal...
Novo Nordisk certified as one of the Best Places to Work in Thailand
Novo Nordisk Thailand certified as one of the Best Places to Work. An exclusive interview with John Dawber, Vice President...
ASEAN and EU conclude the world’s first bloc-to-bloc Air Transport Agreement
The AE CATA is the world’s first bloc-to-bloc air transport agreement and will bolster connectivity and economic development among the...
Download 1xBet app and play all over the world
Whereas Singapore and The Philippines have lax gambling laws, Thailand has some of the strictest gambling laws in Southeast Asia....
Thailand confirms No Quarantine plan for Foreign Visitors under Phuket “Sandbox” Scheme
Phuket will be reopened to fully vaccinated international travellers without quarantine from 1 July, 2021, but ‘final’ official details are...