If the range of landscapes and historic locations doesn’t bring producers to France, then the generous incentive will. A project can earn a refundable tax rebate worth up to 20% of qualifying local spend, up to a maximum of $21.7 million. Recent changes to the Tax Rebate for Intl. Productions (Trip) have altered the minimum spend requirement: a production can either spend the minimum of $1.09 million, or it must spend more than 50% of its budget in France. This opens the door for smaller indie projects. Trip is also set to increase its rates and max cap per project as of Jan. 1.
Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company.