|Additional incentives or advantages|
- - Co-production funds are available to Brazilian production companies for feature films, documentaries and TV.
Brazil has co-production treaties with Argentina, Australia, Belgium, Canada, Chile, China, Colombia, Denmark, Dominican Republic, France, Germany, Israel, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Russia, Spain, Sweden, Switzerland, United Kingdom and Uruguay.
Brazil is also a member of the Latin American Cinematographic Co-production Treaty.
Pursuant to Article 1 of the Federal Act 8685 of 1993 (“Audiovisual Act”) taxpayers can acquire an equity participation in independent Brazilian films through the acquisition of securities issued by financial institutions, for an amount up to 3% (6% in the case of individuals) of their income tax. Under Article 1(A) of the Audiovisual Act, taxpayers can deduct from their income tax all amounts invested in sponsoring Brazilian independent films, with a limit of 6% of income tax payable for individuals and 4% for legal entities. Article 3 of the Audiovisual Act allows distribution companies to obtain a 70% tax deduction if they invest the equivalent amount in the production of independent Brazilian feature films, television films or series. The National Film Industry Funds (FUNCINES) are private closed funds managed by Brazilian financial institutions which must be approved by the Brazilian Securities Commission, and 100% of the amount invested in the acquisition of quotas can be deducted from taxable income. Agencia Nacional do Cinema (ANCINE) is the Brazilian Film Agency which supervises and approves the incentives.