| Benefit as a % of spend | 15.00 |
| Financial cap per production | - |
| Do I have to register/set up a company? | |
| 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? | No |
| 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 spend 500000 (in local currency)
- - Use Local cast & Crew
|
| When will the benefit/incentive be received? | - - On submission of audited accounts
|
| Additional incentives or advantages | - - Transferable Tax Credit:
- 15% of the cumulative qualified production costs
- 12% on wages, salaries, and fringe benefits to non-resident ATL personnel
- 8% on wages, salaries and fringes for non-resident BTL personnel through December 31, 2016 (reduced to 0% after January 1, 2017)
Additional 5% of the cumulative qualified production costs if BTL residents > 50% of total BTL.
Another additional 5% of the cumulative qualified production costs if > 50% of the filming days occurred in a NV county in which in each of the two years immediately preceding the date of application, qualified productions incurred < $10 million of direct expenditures.
$10 million cap.
|