212 million baht budget for foreign films shot in Thailand
The Thai Cabinet approved a budget of 212 million baht to support the foreign film industry in Thailand.
The Cabinet revealed that six movie crews, four from the United States, one from France, and one from Singapore, will benefit from the 2023 budget.
Prime Minister Office spokesperson Trisuree Trisanakun announced to the Thai press yesterday that the Cabinet approved the Ministry of Tourism and Sports’ budget of 212.102 million baht to boost the foreign film industry.
Trisuree revealed that Thailand has been promoting incentives for the international film community since 2017.
Trisuree revealed that the Cabinet’s foreign film budget for 2022 was 167 million baht but it fell way short of the 217 million baht needed to rebate six movies that already finished shooting. So, the government decided to allocate 212 million baht from the central budget kitty.
Since 2017, 43 movies have been shot in Thailand and generated over 9.7 billion baht for the economy. The Cabinet had rebated 22 movies that had spent budgets of over 50 million baht in Thailand, totalling about 542 million baht.
Trisuree insisted that the incentive measures were worth paying and benefited the country. The budget is invested in locals and the businesses surrounding each film location.
Main rebate 15% with a local spend of over 50million baht (US$ 1.4 million) plus additional rebate up to 5%
+5% For promoting Thai tourism, soft power and a positive Thai image.
+3% For hiring key Thai personnel.
+3% For shooting in tourism-designated locations.
+2% For spending on post-production services in Thailand.
+5% For shooting before December 31, 2023.
*Minimum local spend in Thailand of more than 100 million baht (US$2.8m).
SOURCE: Thairath
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