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In an effort to boost the national film and television sector in the face of Chinese restrictions on imports from the country, the South Korean authorities have announced new tax breaks for companies operating in the entertainment sector. Read Full Story
The South African Revenue Service has published a guide providing general guidance on the exemption from normal tax for income derived from the exploitation rights of a film. Read Full Story
The Nova Scotian Government has announced plans to replace the Film Tax Credit with a new film and television industry fund. Read Full Story
Scotland's Culture Secretary, Fiona Hyslop, has released a discussion draft on support options that the Scottish Government could offer the film industry in an independent Scotland. Read Full Story
The Chinese Ministry of Finance has announced a package of supportive tax measures for domestic film-makers and distributors. Read Full Story
The European Commission has agreed to allow Hungary to extend a tax incentive for domestic and international filmmakers for a further six years. Read Full Story
Five people are to be prosecuted in connection with a UK film tax relief fraud allegedly costing the public revenue around GBP125m (USD195m), according to the Crown Prosecution Service. Read Full Story
Lithuania's parliament has approved an amendment providing tax breaks for film production in the country Read Full Story
HM Revenue and Customs has written to investors in film production partnerships with details of a "settlement opportunity," following a number of tax tribunal cases in which HMRC successfully argued that particular schemes existed primarily to avoid tax. Read Full Story
The Isle of Man government expects the local economy to expand at more than twice the average gross domestic product growth rate anticipated for Organization for Economic Cooperation and Development member states this year. Read Full Story
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