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Tax Credits

Tax Credits

Refundable or transferable credits against tax liability. Tax credits are often the most valuable incentive for structured co-productions — many jurisdictions offer enhanced rates for qualifying cultural content or VFX spend.

40
Tax Credit Programmes
12
Countries
70%
Highest Rate
40 programmes · 12 countries
🇪🇸

Spain

5 programmes
Up to 70%
50–70%
Basque Country▾
🇪🇸Basque Country Film Tax Incentive
50-70% tax incentive for productions in the Basque Country. Highest regional rate in Europe.
45–50%
Canary Islands▾
🇪🇸Canary Islands Enhanced Film Tax Incentive
40-50% tax credit for productions in the Canary Islands, one of Europe's highest rates
35–50%
Navarra▾
🇪🇸Navarra Film Tax Incentive
35% tax incentive for productions in Navarra
25–30%
▾
🇪🇸Tax Rebate for Foreign Productions in Spain
25-30% tax rebate on Spanish spend for international productions. Minimum EUR 1M spend.
🇬🇧

United Kingdom

6 programmes
Up to 53%
53%
▾
🇬🇧Independent Film Tax Credit (IFTC)
53% gross (39.75% net) on qualifying UK core expenditure for independent films with budgets up to £23.5M
39%
▾
🇬🇧Audio Visual Expenditure Credit (AVEC) — Animation
39% gross on qualifying UK core expenditure (29.25% net after 25% corporation tax)
39%
▾
🇬🇧Audio Visual Expenditure Credit (AVEC) — Children's Television
39% gross on qualifying UK core expenditure (29.25% net after 25% corporation tax)
39%
▾
🇬🇧AVEC Enhanced VFX Rate
39% gross on qualifying UK VFX costs (29.25% net); uplift from 34% standard AVEC rate for film/HETV
🇨🇦

Canada

13 programmes
Up to 45%
45%
Manitoba▾
🇨🇦Manitoba Film and Video Production Tax Credit - Cost-of-Salaries
45% refundable tax credit on Manitoba labour costs for film/TV production
40%
British Columbia▾
🇨🇦Film Incentive BC (FIBC)
40% refundable tax credit on BC labour for Canadian-controlled productions (stacks with CPTC)
36%
British Columbia▾
🇨🇦BC Production Services Tax Credit (BC PSTC)
36% refundable tax credit on BC labour for service/foreign productions (stacks with PSTC)
35%
Ontario▾
🇨🇦Ontario Film and Television Tax Credit (OFTTC)
35% refundable tax credit on Ontario labour for Ontario-controlled productions
🇧🇪

Belgium

1 programme
Up to 44%
42–44%
▾
🇧🇪Belgian Tax Shelter
42-44% effective benefit via private investor tax shelter. Unique model — cash raised pre-production.
🇫🇷

France

3 programmes
Up to 40%
30–40%
▾
🇫🇷International Tax Credit
30-40% tax credit for foreign productions executed through a French company; the tax mechanism underlying the TRIP rebate
30%
▾
🇫🇷Cinema Tax Credit
30% tax credit for French-language feature films (20% for foreign-language films) produced by French companies
25%
▾
🇫🇷Audiovisual Tax Credit
25% tax credit for French TV fiction, documentary and animation productions (10% for live performance adaptations)
🇮🇪

Ireland

4 programmes
Up to 40%
32–40%
▾
🇮🇪Section 481 Film Tax Credit
32% tax credit on eligible Irish expenditure for film, TV drama, animation and creative documentary, with 40% uplift for lower-budget films and VFX projects
40%
▾
🇮🇪Section 481 Lower Budget Film Enhanced Credit
5% uplift (total 37%) for projects that promote Irish culture and creative talent. Up to 40% with VFX.
40%
▾
🇮🇪Section 481 Visual Effects Enhanced Credit
5% VFX uplift on qualifying VFX expenditure, stackable with Scéal uplift to 40%
20%
▾
🇮🇪Unscripted Television Production Incentive
20% tax credit on qualifying production expenditure for unscripted TV, up to €15M spend
🇮🇹

Italy

1 programme
Up to 40%
40%
▾
🇮🇹National Film and Audiovisual Tax Credit
40% tax credit on Italian spend for feature films, TV series, and animation. Italy's primary incentive.
🇦🇺

Australia

3 programmes
Up to 40%
40%
▾
🇦🇺Producer Offset
40% for theatrical feature films; 30% for non-theatrical (TV, online)
30%
▾
🇦🇺Location Offset
30% of Qualifying Australian Production Expenditure (QAPE). Increased from 16.5% on 1 July 2023.
30%
▾
🇦🇺PDV (Post, Digital and Visual Effects) Offset
30% of qualifying Australian PDV expenditure
🇨🇾

Cyprus

1 programme
Up to 35%
35%
▾
🇨🇾Cyprus Film Scheme Tax Credit
35% tax credit for productions qualifying under the Cyprus Film Scheme
🇱🇹

Lithuania

1 programme
Up to 30%
30%
▾
🇱🇹Lithuanian Film Tax Incentive
30% tax incentive on Lithuanian production costs for qualifying productions
🇭🇺

Hungary

1 programme
Up to 30%
30%
▾
🇭🇺Hungarian Film Tax Rebate
30% transferable tax credit on Hungarian spend. Minimum EUR 80K spend. One of Europe's most established incentives.
🇨🇳

China

1 programme
Up to 15%
15%
▾
🇨🇳VAT Exemptions for Film Enterprises
Full VAT exemption for film copy sales, copyright transfers/licenses, film distribution revenue, rural distribution. Simplified 3% VAT (vs standard 6-13%) for urban theatrical distribution. Valid through December 2027.