PHILIPPINES FILMING INCENTIVES

ASEAN Co-production Fund (ACOF)

Overview

Type of incentiveCash Rebate
Qualifying formats
  • - Feature film - fiction (theatrical)
  • - Feature film - documentary (theatrical)
Qualifying productions
  • - Co-productions

Specifics

Benefit as a % of spend0.00
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 percentage of the film that must be shot in the region: 0.00%
  • - TV Broadcast or theatrical distribution contract required
When will the benefit/incentive be received?
  • - End of national fiscal year
Additional incentives or advantages
  • - Rece tour assistance, location finding service
  • - •The ACOF is a selective fund that will support every selected project with up to USD 150,000 (approximately PHP 7.2 million), provided that the co-production involves a Philippine company registered with the FDCP’s National Registry and at least one company from an ASEAN country such as Indonesia, Malaysia, Singapore, Thailand, Brunei Darussalam, Vietnam, Lao PDR, Myanmar, and Cambodia. ● Eligible projects are feature films of more than 80 minutes ● At least 50% of the fund must be spent in the Philippines in accordance with Qualifying Philippine Production Expenses (QPPE) ●Projects will be evaluated on the following: - Degree to which the work promotes ASEAN culture and territory - Degree to which the work contributes to the ASEAN film industry - Degree to which a Filipino producer participates in the creative production of the work - Global quality of the project - Financial strength and stability of the project - International distribution potential through film festivals, theatrical/VOD release, and platforms in order to reach international audiences

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