The government has made THB900 billion since the incentives set in
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A new incentives program came into effect in January where the Thai government offers a 15-per-cent cash rebate for foreign films produced in the Kingdom with local spending of over Bt100 million.
According to The Nation, since the program has gone into effect, Thailand has made more than “Bt900 million from international film productions in the first quarter of the year.”
Estimates indicate that the country will make somewhere between 300 million to 400 million Baht by the end of this year.
“The new incentive measure has been very successful,” said Wanasiri Morakul, director-general of the Tourism Department. “We’re confident that the total income from foreign film productions in Thailand this year will be higher than in previous years,” he added.
The department is also working on marketing campaigns that will help launch the incentives and attract foreign film makers to the country.
Several Hollywood films have been shot in Thailand in the past, most notably The Hangover II, The Beach and Only God Forgives.
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