Thailand Lifts Tax on Foreign Actors to Promote Film Industry

by Admin on June 27, 2022

According to Thai law, Employees in Thailand are subject to a withholding tax, which varies by occupation and nationality: 5% for Thai performers and 10% for foreign performers. The tax is based on the place  the work is performed, not where the performer is paid.

Revenues from international film productions had been increasing in Thailand since the introduction of a 15-20% cash rebate in 2017, generating an average of almost $100m (3.5bn baht) a year. Last year, however, revenues plummeted to $11.3m (nearly 400m baht) as a result of the Covid-19 pandemic.

High-profile projects filmed in Thailand over the last decade include The Hangover Part II,   Other films set in Thailand include Around the World in 80 DaysThe Big BossThe Man with the Golden Gun and The Beach. And Thailand has been used as a stand-in setting for such Vietnam War-era films as The Deer HunterGood Morning, VietnamCasualties of War; and The Killing Fields.

Credit photo by Got Credit

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