Tax waiver for foreign actorsThe cabinet on Tuesday agreed to a waiver of personal income tax for foreign actors and actresses for five years, aiming to generate more than 3.5 billion baht in revenue from investments in foreign film productions. Deputy government spokeswoman Tipanan Sirichana said the cabinet approved the Finance Ministry's new Revenue Code to attract predicted investment of at least 3.5 billion baht from foreign film shoots in the country. Ms Tipanan said the ministerial regulation to waive the personal income tax of foreign actors and actresses will come into effect for five years 180 days after its publication in the Royal Gazette. Citing statistics from the Tourism Department, foreign film firms had visited Thailand to shoot a total of 198 productions worth 1.68 billion baht during the first eight months, including music videos, feature films, and advertisements, she added. The visa also offers a range of tax and non-tax benefits to attract new foreign residents, technologies and talent to stay or work in the country.

Source: Bangkok Post October 19, 2022 05:21 UTC