Thailand’s military government has revealed details of a tax incentive to foreign film-makers, following suspicions that the country had missed out on a lucrative contract.
The tax rebate, agreed last month, will give film-makers the equivalent of 15 per cent of every 30 million baht (842,000 US dollars) spent in Thailand, and an additional 5 per cent of the total amount if producers use local post-production services.
Thailand has served as a backdrop for numerous Hollywood, Chinese and Bollywood films including The Beach, James Bond, and Star Wars Episode 3.
“The fine details are still being worked out with the film board and relevant organizations,” the Thailand Film Office, which is under the Department of Tourism, said in a statement Friday.
The department hopes the new incentives will drive up revenue from foreign film-makers from 2 billion baht to 5 billion baht by 2018, according to the Bangkok Post.
The Minister of Tourism and Sport, Kobkarn Wattanawarangkul, had pitched the idea of a rebate to the government earlier this year after claiming that Thailand missed being selected as a shooting location for a new Star Wars film.