Tax exemption announced for filming foreign films in Thailand

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Kathmandu. Thailand has announced tax breaks for filming foreign films.

Government spokesperson Ratchada Thanadirek said the country would be tax-free for the next five years to develop it as a foreign film shooting destination.

The Thai cabinet made the decision on Tuesday. From 2017 to 2020, the revenue from foreign films will increase from बिल 3.5 billion to ५ 5 billion in 2021, the spokesperson said.

According to him, the government has also provided 20 percent subsidy for the film to be shot in Thailand. The government’s decision to grant tax exemptions for five years is expected to generate 17.5 billion baht. But the government will lose 71.75 million baht of revenue.

Nepali film ‘Prem Geet 2’ was shot in Thailand. Apart from that, some Nepali films, music videos and TV programs have also been shot in Thailand.

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