AMSTERDAM — Holland’s Ministry of Economic Affairs has given the greenlight to a ground- breaking tax support scheme aimed at helping filmmakers in this territory.
Under terms of the plan, individuals and companies who want to put their money into the production of Dutch films will be eligible for tax write-offs.
The ministry will also set up a small investors fund, which filmmakers will be allowed to tap in exchange for a share of the distribution rights. Part of the aim is to build up a library of rights and increase the value of the investors fund.
The scheme is a result of lobbying by the Audiovisual Platform, which represents independent film producers, public broadcasters and other members of the audiovisual community. Last year, the group warned in a report to the government that the industry was losing its best talent to Hollywood because the government failed to provide commercial filmmakers with incentives to remain in Holland.
Commercial filmmakers have also asked the government to support a scheme that would help bankroll producers who want to make television films, with the government kicking in a one-time financial contribution to get what is being called the TeleFilms project off the ground.