US VIRGIN ISLANDS FILMING INCENTIVES

S.T.A.R.S Program Transferable Tax Credit

Overview

Type of incentiveTax Credit
Qualifying formats
  • - Feature film - fiction (theatrical)
  • - Feature film - documentary (theatrical)
  • - TV Film or TV series - fiction
  • - TV Film or TV series - documentary
  • - Commercials (TV, theatrical, online)
  • - Music videos
Qualifying productions
  • - National productions
  • - Foreign productions
  • - Co-productions

Specifics

Benefit as a % of spend17.00
Financial cap per production-
Do I have to register/set up a company?Yes
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? Yes
Criteria to access the benefit
  • - Minimum percentage of the film that must be shot in the region: 0.00%
  • - Minimum spend 250000 (in local currency)
  • - Use Local cast & Crew
When will the benefit/incentive be received?
  • - State approx. number of months after completion of audited accounts
  • - End of national fiscal year
Additional incentives or advantages
  • - Up to 17% Transferable Tax Credit available: - 20-25% = 10%   -25.1-30% = 15%   -30.1% or Greater = 17%   Minimum spend of USD 250,000 Minimum 20% local resident hires (including crew, extras, actors and maximum of three paid interns Include credits i.e. "Made in the USVI" or "Portions Made in the USVI" and other acknowledgements Above-the-line-crew member speaks at local school or university Production companies/studios that corporately establish themselves in the USVI for purposes of long-term production, recording, distribution and/or management may be eligible for 90% tax relief through the Economic Development Commission program.

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