Org helps companies tap into new tax rebate
French producers’ org the Assn. des Producteurs de Cinema (APC) is creating a body to help foreign companies tap the new Gallic tax rebate for film shoots.
The American and Intl. Desk will team foreign producers with experienced, well-known producers in France who will shepherd them through the process.
“We are very enthusiastic about this new tax rebate, and the A and I Desk is ready to welcome and support a number of exciting productions shooting in France,” said Eric Altmayer, APC president and Mandarin Cinema principle. “APC’s members are experienced and qualified motion picture French producers; they will be key partners for those looking to benefit from the tax rebate.”
The desk will be operational by Aug. 24.
Levied at 20% of expenditure in Gaul, the tax rebate on international productions was approved in December by the National Assembly and by the European Commission in July.
The rebates are capped at E4 million ($5.7 million) per film and are available to shoots that don’t draw coin from France’s CNC Film Institute as official co-productions.
Films must pass cultural tests proving they have some connection with France, a stipulation required in countries with similar tax-rebate schemes including the U.K. and Germany.
Films score in three categories: content (French story, setting, characters, source material/language); French companies working on the films (studios, post-production and f/x shingles); and talent (French or other European actors, directors, writers and producers).