| 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 | |
| When will the benefit/incentive be received? | |
| Additional incentives or advantages | - - Foreign productions benefit from a 15% rebate on local spend. The country also makes it easy to shoot with a foreign crew by facilitating the paperwork for foreign employers as well as applying a tax exemption on any material and equipments entering the country.
As for local productions or co-productions, Panama-based companies can benefit from a 25% tax rebate that has made film financing very attractive for broadcasters.
Panama productions can also apply for grants from the country’s $3 million Fondocine film fund. Six grant winners can apply for tax-breaks as can the six runners-up.
|