Thailand’s government has doubled the cap on its production incentive to THB150M ($4.4M), while an increase in the cash rebate it offers to 30% is also being considered.
The move comes as major projects including HBO’s The Sympathizer are shooting in Thailand, while further projects such as the third season of The White Lotus are reportedly heading to the country later this year.
Thailand currently offers a cash rebate of 15% to foreign productions shooting in the country, with a further 5% available based on a cultural test.
The maximum rebate per production is capped at THB75M ($2.2M). In February, Thailand’s cabinet approved an increase in the incentive to 30% of qualifying spend, which is currently being considered by the treasury department.
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