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Thai Government to Propose Incentives to Boost Film Production.
Oct. 3--To promote tourism and attract foreign film makers, the Revenue Department will propose tax incentives for foreign film production in Thailand.
As well, a deeper tax cut would also be given to local companies incurring expenses in organising seminars for their employees, said Suparut Kawatkul, director-general of the Revenue Department.
A ceiling on the tax on earnings of foreign actors will also be set. Currently, the department collects taxes of between 5 percent and 37 percent from actors, the same rates as those applied to all personal income tax.
"The department is setting up a new system for foreign celebrities by setting a ceiling for their tax payments. This will attract international film production to come here," said Mr Suparut.
The department will also team up with tour operators to promote tax refunds among overseas tourists to attract more visitors and boost their spending while staying in the country.
Such tax incentives were proposed at a meeting to alleviate the impact of the US terrorist attacks on the local tourism industry.
Yesterday's meeting was co-chaired by Deputy Prime Minister Pongpol ...
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