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Denmark to launch new foreign filming incentive

Denmark to launch new foreign filming incentive

Written by Kianna Best on Nov 28, 2024. Posted in Incentive News

Denmark is catching up to its Nordic counterparts with the announcement of their foreign filming incentive on the horizon. The upcoming rebate program set to kick off in 2026 will provide an annual pot of USD 17.5 million, twice the size of Sweden’s funding for foreign productions. The rebate on eligible expenses is planed for a significant 25%.

The UK Indie Film Tax Credit is official

The UK Indie Film Tax Credit is official

Written by Kianna Best on Oct 9, 2024. Posted in Incentive News

The Independent Film Tax Credit (IFTC) has officially passed into law, confirmed by UK culture secretary Lisa Nandy as the BFI London Film Festival starts its run today. First time production with budgets of up to GBP 15 million which have started principal photography on or after 1 April 2024 will be eligible for the 53% tax relief. The new incentive will be available from 30 October 2024.

Second round of Japan incentive kicks off

Second round of Japan incentive kicks off

Written by Kianna Best on May 21, 2024. Posted in Incentive News

The second round of applications for Japan’s newest incentive programme opened yesterday. Targeted at international film and television projects, the incentive covers 50% of production costs in the country up to a spend of JPY 1 billion (approx. USD 6.6 million). This round will close on 7 June 2024, with the intended third and final round reopening on 26 August 2024.

Amazon’s Fallout to film second season in California

Amazon’s Fallout to film second season in California

Written by Kianna Best on Apr 9, 2024. Posted in Incentive News

Post apocalyptic series Fallout which is set to debut on Prime Video, has announced that the second season will move to California for filming of it’s second season. This move will allow the production to take advantage of the state’s USD 25 million tax credits which has been used by projects including Ryan Murphy’s Dr Odyssey on ABC and Grotesquerie on FX.

UK Government announces significant tax benefits for studios, indie films and VFX

UK Government announces significant tax benefits for studios, indie films and VFX

Written by Kianna Best on Mar 7, 2024. Posted in Incentive News

Yesterday during the reading of the UK governments spring budget, Chancellor of the Exchequer Jeremy Hunt unveiled significant benefits for the creative industry. Amongst those, UK film and television studios will receive a 40% corporate tax relief through 2034, and independent films will receive the same percentage for qualifying projects with a budget of up to GBP 15 million.

Japan opens first round of extended production incentive

Japan opens first round of extended production incentive

Written by Kianna Best on Feb 27, 2024. Posted in Incentive News

Next month, Japan will open up the first round of submissions for their extended film and TV production incentive. The funding scheme offers a 50% reimbursement for qualifying expenditure in Japan, with a cap of USD 6.66 million. Targeting larger projects, the minimum spend required to qualify for the incentive is USD 3.3 million.

British film, TV and video makers receive improved tax credits

British film, TV and video makers receive improved tax credits

Written by Kianna Best on Jan 3, 2024. Posted in Incentive News

The new year has brought with it more generous tax credits for Britain’s film, TV and video makers. Announced on 1 January, the government announced that children’s TV, animated TV and animated film production will receive a n extra GBP 42,500 in relief, and high-end TV, film or video game production will receive a relief of GBP 5,000. The government’s Audio-Visual Expenditure Credit and the Video Games Expenditure Credit replaces the previous tax reliefs for film, TV and video games.

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