Lithuania offers producers a tax incentive of up to 20% of the Lithuanian portion of the budget for film and television projects. However, to receive the credits, producers must meet certain requirements: For example, they’ll need to partner with a local production company in order to qualify. The program can be applied to a whole film or a part of it. The local sponsor is motivated by the opportunity to reduce the local corporate income tax.
Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company.