Law 1556


Type of incentiveCash Rebate
Qualifying formats
  • - Feature film - fiction (theatrical)
  • - Feature film - documentary (theatrical)
  • - TV Film or TV series - fiction
  • - TV Film or TV series - documentary
  • - Post production/special effects for film & tv (fiction)
  • - Post production/special effects for film & tv (non-fiction)
Qualifying productions
  • - National productions
  • - Foreign productions
  • - Co-productions


Benefit as a % of spend40.00
Financial cap per production-
Do I have to register/set up a company?No
Does foreign cast/crew paid in their home country/region qualify as expenditure? No
Do foreign cast/crew have to pay tax in the host country/state/region? No
Does travel to/from country/region qualify as expenditure? Yes
Can a production qualify for other national incentives such as cultural programmes if it qualifies for this incentive? No
Criteria to access the benefit
  • - Minimum spend 1200000000 (in local currency)
When will the benefit/incentive be received?
  • - State approx. number of months after completion of audited accounts
Additional incentives or advantages
  • - VAT / GST /Sales Tax recoverable
  • - Rece tour assistance, location finding service
  • - 40% on film service expenditures, services directly related to pre-production, production and postproduction. 20% on logistical expenditures: catering, hotels and transport, including airfares abroad if bought to a Colombian travel agency. The cash rebate applies to services provided by Colombian entities or persons that are domiciled and residing in the country. The fund has a limit of resources of about UD $12.5 M per year. A minimum expenditure of around $600,000 is required. For foreign productions one or several Production Service Companies must be hired. VAT is recoverable when the Colombian production service company and the foreign production establish a service export contract.