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BC boosts production services tax credits - 18% to 25%
The province of British Columbia has boosted its production service tax credits, matching a recent rise in credits in Ontario and Quebec. The tax credit for foreign-financed productions will rise from 18 per cent of labour costs to 25 per…
Italian production incentives on track
Incentives in the form of tax credits have been introduced for FYs 2008 and 2009 to strengthen the Italian movie production in favor of investors not belonging to the movie business and the industry players. The proposal provides for different…
Ontario Government announces enhancement to Tax Credits
The Ontario government announced in the last week the following proposed enhancements to the Ontario Film and Television Tax Credit (OFTTC) and the Ontario Production Services Tax Credit (OPSTC) on expenditures incurred after December 31/07: OFTTC – rate increase to…
Northern Ireland increases benefit limit by GBP200000
Northern Ireland Screen Fund will invest between £150,000 and £800,000 up to a ceiling of 25% of the overall project costs. The fund offers production funding, in the form of a repayable loan, for a limited number of feature films…
Ontario to increase production tax credit
Ontario is proposing to increase its Production Services Tax Credit to foreign-financed productions filming in the province from 18 to 25%. Further to this an increase from 30 to 35% for the Ontario Film and Television Tax Credit for which…
Australian tax rebate swings into action
The new financing system (rebate) put in place this year allows producers who qualify to get back 40% of the Australia spend as long as they spend at least $1 million. This rebate is currently administered by the FFC (…
Berlin announces availability of USD85 million to entice productions
Production companies with operations in Berlin will be eligible to apply for guarantees as security against loans for film finance untill 2013. $23m has already been made available for four guarantees since 2000. Berlin is experiencing a boom through both…
Irish production fund gets USD2.8 million injection
To further encourage foreign film & TV production companies to shoot in Ireland, the Minister for Arts, Sports & Tourism, Seamus Brennan has committed an aditional $2.8 million for the Irish Film Board (IFB). Productions that have benefitted from the…
Nova Scotia increases tax credit for producers
Tax relief has been increased from 35 to 50% on local labour costs for production companies filming in Nova Scotia. Producers who film in the city of Halifax will get 50% of the tax cost of local labour back on…
Singapore & Australia sign new treaty
During the recent Asia Pacific Economic Cooperation Summit, Australia's Minister for Arts & Sport, George Brandis and George Yeo, Singapore's Minister for Foreign Affairs have shaped out a new treaty to encourage greater creative partnerships and incentives from producers of…