UK Government increase film and tv tax breaks

Written by Kianna Best on Mar 16, 2023. Posted in Incentive News

The UK Spring budget released on 17 March by Chancellor of the Exchequer Jeremy Hunt revealed a happy outcome for the fate of tax breaks in the film and tv sector. After an uneasy period of review, British producers can breath as sigh of relief at the developments which introduced increased tax expenditures that will influence how the existing rebate systems are calculated across the film, television, animation and video games production, ensuring the nation’s maintained status as one of the biggest production hubs in the world.

Screen Queensland announces winners of PFV Placement Programme

Written by Kianna Best on Jan 17, 2023. Posted in Incentive News

Five up and coming screen practitioners have been chosen to receive the benefits of the Screen Queensland Post, Digital and Visual Effcets (PDV) professional development programme. This programme, which allows participants to receive training and mentorship, is in partnership with the state screen agency and five of Queensland’s leading post production house. Screen Queensland will contribute AUD 50,000 per placement for the year long positions.

New California budget extends state’s Film and TV Tax Credit

Written by Kianna Best on Jan 11, 2023. Posted in Incentive News

On Monday 10 January, Californian Governor Gavin Newsom announced a new state budget that will see the Film and TV Tax Credit programme extended for another five years, as well as making credits refundable for the first time since its 2009 launch. This new programme is an active stance against maintaining California’s status as the world’s media production capital, and preventing anymore “runaway productions”.

Neom launches 40% production rebate

Written by Kianna Best on Sep 19, 2022. Posted in Incentive News

The sustainably futuristic city of Neom has launched its 40% cash rebate incentive for productions in the region. The incentive can be applied to feature films, television drama projects, reality series, documentaries and commercials.

Valais launches new film commission and cash rebate incentive

Written by Kianna Best on Aug 11, 2022. Posted in Incentive News

The Valais Film Commission was launched at this year's Locarno Film Festival on 6 August 2022. The new Swiss body has introduced its 15-35% cash rebate for audiovisual production planning to film in Valais along with all provided services. 

Arizona launches biggest incentive yet

Written by Kianna Best on Jul 12, 2022. Posted in Incentive News

The Arizona government has launched the Arizona Motion Picture Production Programme. It is the state’s largest annual film and television tax incentive to date. The legislature was passed in June 2022, but Governor Doug Ducey allowed the bill to become law, without signing it, on 6 July. The initiative is set to run until 2043.

Rio de Janeiro launches new cash rebate

Written by Kianna Best on Jul 11, 2022. Posted in Incentive News

RioFilme, a government agency affiliated with Rio de Janeiro’s city hall, launched their new cash rebate on 7 July 2022. With a total investment of BRL15 million, the incentive will account for an up to 35% rebate. The focus is on attracting investments from international territories and other Brazilian states to increase resources in the Rio de Janeiro audio-visual sector and promote the city’s landscape. Applications for the incentive will continue until all funding has been distributed.

New incentive implemented by Austrian Film Commission

Written by Kianna Best on Jul 8, 2022. Posted in Incentive News

The Austrian government announced a new filming incentive on 7 July 2022. Setting Austria at a new position of attractiveness, the new incentive will offer an up to 35 percent non-repayable grant, of which 5 percent will be applied to national sustainability efforts. The maximum amount of subsidy will be EUR 5 million for film projects and EUR 7.5 million for television series. This will be available to both local and international production teams from 1 January 2023.