Serbia’s film rebate expands from 20% to 25%
Serbia now offers a 25% cash rebate with an expanded annual budget of EUR6.7 million, double the previous amount that was afforded to the incentive. The increase comes with a change to the criteria for television shows, which are now required to meet a minimum spend per-episode of EUR100,000 to qualify.
Ana Ilic, Advisor to the Prime Minister for Digital and Creative Industries states: “figures from the previous period show that incentives have attracted EUR9.6 of production for every euro paid in incentives and created over 2,000 project jobs in first 16 months of implementation. Feature film production alone increased over previous year total productions by 54%. This is a significant boost to the local economy and we are proud of the fact that Serbian incentives are not only supporting feature films and television but are open with opportunities to projects post-production, TVCs and even VR works.”
A total of 28 projects tapped into the incentive throughout 2017, which incurred a combined spend of EUR31.9 million. This amount is a huge increase on the EUR20.8 million spend that was brought in the previous year.
Serbia’s production incentive is one of the few worldwide that also extends to commercials, making it a popular destination for international production companies. The required minimum spend needed to access the incentive varies between production types but there is no cap on the amount that can be claimed.
(Photo credits: BBC/Cuba/Nick Wall).
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