The former Soviet republics of Georgia and Ukraine will soon join the ranks of countries offering incentives to foreign producers. The Georgian National Film Center recently announced it would launch a 20% tax rebate program in January that would cover qualified expenses, with an additional 2% for Georgian elements such as hiring local cast and the promotion of Georgian culture. In addition, Georgia will create its own film commission. Ukraine also plans to offer a 20% rebate as part of a tax incentive program modeled on the one in the Czech Republic, requiring applicants to pass a cultural test.
Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company.