Memories of alhambra season 2 trailer6/22/2023 ![]() ![]() ![]() There is no required minimum overall production cost that a project has to meet to be eligible, only a required minimum local spending. Ineligible productions are: business and advertising films filmed theater performances, concerts, or sport events (including broadcasts) talk shows, prize shows casting shows TV interviews competitions news and lotteries. The eligible productions are the ones that are intended for TV, cinema, or a streaming platform, in the fiction, documentary, or VR genre. The rate of the incentive can go up to 35%, which consists of a 30% base rebate for all the eligible costs and an additional 5% as a Green Filming bonus. If a series is going to make a total expense in the country equal to or greater than $ 2,375,000 USD, the minimum expense per episode may be less than $ 118,750 USD.įor more information, contact us, we are pleased to help.Īustria introduced a new tax incentive program in 2023 for international productions under the FISA+ name, overseen by Austria’s Federal Ministry of Digital and Economic Affairs. Postproduction: $ 95,000 USD for works that only carry out the postproduction component in Colombia. Music videos, video games, and advertising works: up to 5 videos or works with an average value per video or work of $ 95,000 USD. CINA: Web Series: up to 20 episodes with an average value per episode of $ 23,750 USD.FFC: Music Videos: up to 20 videos with an average cost per video of $ 23,750 USD.FFC AND CINA: Series: up to 4 episodes with an average value per episode of $ 118,750 USD.Approximately $53M USD per annum is available with no cap per project. Films, series, web series, music videos, video games, and advertisements can apply for this benefit. It can be negotiated with any individual or company required to pay income taxes in Colombia. The discount value corresponds to the investment made in the country during the production and post-production of such projects. CINA (Audiovisual investment certificate in Colombia): Foreign film, video, and gaming projects approved by the Colombian Film Promotion Board will receive this certificate, which provides a discount of 35% on Colombian income taxes.Approximately $2M USD per annum is available with a cap of $550K USD per project. Films, series, and music videos can apply for this benefit. FFC (Colombian Film Fund): The fund reimburses 40% of all expenses in film and video services hired through Colombian companies and 20% of all expenses in hotel, food, and transportation services contracted in the country in the executing of foreign productions.Tell us about your project, and we’ll share how best to tap into the Greek rebate.įilm Incentives Colombia has broadened the benefits for foreign content creation and turned the country into one of the most appealing and attractive destinations for international creatives in South America.įoreign film, video, and gaming companies can now apply for one of two kinds of incentives: The maximum Cash Rebate amount cannot exceed 12 million Euros for each project. The BTL & ATL spend of 10M receives a total cash rebate of 4M. For example, Greek expenditure of 8M allows a rebate on 2M international invoices. The rebate is granted 180 days upon submission of the auditing report.įees of the international director and two leading actors – summing up to 25% of qualified local expenditure – may also receive the 40% cash rebate, provided that the Greek spend is minimum 6.4M Euros. Project approval is determined within 15 days upon submission of a script synopsis and budget estimate. Advertising commercials and unscripted content cannot qualify for the incentive. The minimum local expenditure is 100,000 Euros, and there’s no cap on the budget.įeature films, scripted TV content, documentaries, animation, and video games that pass a simplified Cultural Test criteria can all qualify. Greece offers a cash rebate of 40% for all production & post-production expenses made in Greece + a proportion-based Above The Line rebate. ![]()
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