The Thai government has decided to waive personal income tax for foreign actors when working in Thailand in the next five years, in a fresh bid to attract foreign crews to the country.
Bangkok (VNA) - The Thai government hasdecided to waive personal income tax for foreign actors when working inThailand in the next five years, in a fresh bid to attract foreign crews to thecountry.
Deputy Government Spokesperson Rachada Dhnadirek saidon June 21 that the tax incentive is part of the government’s efforts todevelop the country’s soft power.
Thailand earned an average of 3.5 billion THB a year from foreign film crewsfrom 2017 to 2021, with the revenue increasing to 5 billion THB last year.
Incentives provided to foreign film crews include cash rebates of 15-20% of theexpenses incurred in Thailand, with limits capped at 75 million THB, saidRachada adding that actors have been required to pay personal income tax whilethey were working in Thailand, despite the fact that they have to pay personalincome taxes in their home countries as well.
With the income tax exemption, Thailand expects togain an average of 3.5 billion THB in revenue per annum from foreign film crewsover the next five years, totaling 17.5 billion THB, while the amount ofrevenue lost through the tax exemption for the same period will be about 71.75million THB./.
Thailand’s cabinet has approved a budget worth 3.5 billion THB (100 million USD) to hire more than 68,000 recent graduates and jobless people nationwide through BCG (bio-, circular and green) projects to kick-start the job market as the COVID-19 pandemic continues to subside.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
