CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Iceland Improves Film Tax Incentives

Iceland Improves Film Tax Incentives

by Ulrika Lomas, Tax-News.com, Brussels

16 June 2016


Iceland's Parliament has recently voted to improve and extend the country's tax rebate scheme for film and television productions.

From January 2017, Iceland's film and television production tax rebate will increase to 25 percent of the costs incurred in the production of projects in Iceland, from the existing level of 20 percent. Lawmakers also voted to extend the tax rebate scheme until 2021.

Under the Icelandic film and TV tax incentive, when more than 80 percent of the total production cost of a motion picture or television program is incurred in Iceland, the rebate is calculated on the basis of the total production cost incurred within the European Economic Area.

Iceland's dramatic landscapes have been used as the backdrop for many high-profile, big-budget film and television productions recently, notably Star Wars: The Force Awakens, Game of Thrones, Interstellar, and Prometheus.

However, there is now strong competition between countries for film and TV industry spend, with several jurisdictions having improved their tax incentive schemes in recent months, including France and Ireland.

TAGS: tax | Iceland | Ireland | tax incentives | France | Europe

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »