The budget, allocated from the government’s central reserve fund for fiscal 2025, will provide rebates for foreign producers under incentive measures proposed by the Department of Tourism. Seven international film productions are set to benefit, receiving rebates totalling more than B845mn against a combined investment of over B4.4 billion in Thailand, noted an official report of the announcement.
The approvals were made at the Board’s first meeting of 2025 on Aug 18, chaired by Minister of Tourism and Sports Surawong Thienthong.
Prasop Riangngen, Permanent Secretary of the Ministry of Culture, said the decision marked a significant step in positioning Thailand as a premier destination for international film production. “This measure not only boosts the economy through direct investment but also enhances Thailand’s image on the global stage,” he said.
Boost for Thai productions
In addition to foreign film rebates, the Board approved the principle of cash rebates for domestic film production. Under the scheme, Thai films, series, dramas and music videos with production budgets of at least B20mn will be eligible for a 15% subsidy.
Projects may receive an additional rebate of up to 30% if they meet criteria such as promoting social or cultural values, exceeding B50mn in budget, or securing international distribution.
Officials say the move is designed to improve the competitiveness of Thai filmmakers and ensure the creation of high-quality works that project a positive image of the country abroad.
The Board also approved a 20% rebate scheme for digital content production, aimed at encouraging foreign companies to hire Thai firms for animation and visual effects. To qualify, projects must involve contracts worth at least B5mn and applications must be submitted before production begins.
“This is an important measure to attract foreign productions, create jobs, and develop the skills of Thai professionals in the digital content sector,” Mr. Prasop said.
A subcommittee will be appointed by the Ministry of Culture to draft detailed regulations and drive implementation before final submission to the Cabinet.
The meeting also approved six international film festivals to be officially designated under Section 27 (4) of the Film and Video Act and appointed new members to the Film and Video Censorship Committee.