In an effort to promote the shooting of foreign films in Thailand, the Thai cabinet has recently approved personal income tax exemption for such foreign actors. The draft ministerial regulation specifies that income derived by a film actor who is a foreign tax resident during the period from 1 January 2011 to 31 December 2015 shall be exempted from personal income tax only if:
- Such income was derived from performance in a foreign film produced by a company or partnership incorporated under a foreign law; and
- A filming permit has been granted in accordance with the laws relating to film and video.
However, since this is just a newly approved ministerial regulation, further details on the implementation of these measures and associated regulations have yet to be announced.
Contact MSNA for your Thai accounting and tax questions.