×
You will be redirected back to your article in seconds

Portugal Steps Into the Film Incentives Fray With 25% Refundable Tax Credit

Studios and producers shopping around for incentives often consider obvious territories such as British Columbia, Georgia and the U.K, but there several smaller jurisdictions that offer a combination of good locations and lower costs.

One of those places is Portugal, a picturesque country with stunning Iberian architecture and a long Atlantic coastline that now boasts a new refundable tax credit of up to 25% on qualified spend.

The incentive was originally presented by Portugal during the last Berlin Film Festival and was quickly put into place. Its main goal is to attract international film production offering added value to producers via the tax credit – and to make Portugal competitive with other European countries when it comes to attracting major film projects. It covers all kinds of feature films, including documentaries and animation.

Requirements include a minimum production expenditure in Portugal of 1 million euros, or about $1.1 million. The project cap is set at 4 million euros, or about $4.4 million. The eligibility for the rebate and its rate are determined by a cultural test measuring how the production benefits Portugal.

Recent projects produced in Portugal include “The Man Who Killed Don Quixote” (2018), “That Good Night” (2017), “The Promise” (2016), “Mata Hari” (a TV series that started shooting in 2016), “Zoom” (2015) and “Night Train to Lisbon” (2013).

Incenitves
20%-25% Refundable tax credit
$4.5m Project cap
$1.1m Minimum production expenditure
Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company.

More Artisans

  • Danai Gurira, Lupita Nyong'o, Michael B.

    Armani, Variety Salute Beauty Innovators in Makeup Styling

    On Feb. 20, Variety and Armani Beauty will team up for the 2019 Make-Up Artistry Dinner to toast four of the most sought-after celebrity make-up artists in Hollywood: Nick Barose, Molly Greenwald, Beau Nelson and Patrick Ta. Held at Sunset Tower Restaurant Terrace, this A-list-studded event, featuring such dazzling stars as Olivia Munn and Constance [...]

  • Black Panther

    'Black Panther,' 'Crazy Rich Asians,' 'Westworld' Among Costume Designers Guild Winners

    “Crazy Rich Asians,” “The Favourite” and “Black Panther” walked away with top honors at the 21st annual Costume Designers Guild Awards Tuesday night, the final industry guild show before the Oscars on Feb. 24. “The Favourite” and “Black Panther” are up for the Oscar this year, along with “The Ballad of Buster Scruggs,” “Mary Poppins [...]

  • DF-10193 – L-R: Ben Hardy (Roger Taylor),

    'Bohemian Rhapsody' Leads MPSE Golden Reel Awards for Sound Editing

    “Bohemian Rhapsody” followed up love from Cinema Audio Society sound mixers with a pair of honors at the Motion Picture Sound Editors’ 66th annual Golden Reel Awards Sunday night. The musical biopic scored wins for dialogue and ADR as well as sound editing in a musical. The film is nominated for sound editing at the Oscars [...]

  • Bohemian Rhapsody

    'Bohemian Rhapsody,' 'Marvelous Mrs. Maisel' Among Cinema Audio Society Winners

    Queen biopic “Bohemian Rhapsody” won the Cinema Audio Society’s top prize for sound mixing at Saturday night’s 55th annual CAS Awards. The film is Oscar-nominated for sound mixing this year along with “Black Panther,” “First Man,” “Roma” and “A Star Is Born.” In a surprise over heavy-hitters “Incredibles 2” and “Spider-Man: Into the Spider-Verse,” Wes [...]

  • Marvelous Mrs Maisel Vice

    'Vice,' 'The Marvelous Mrs. Maisel' Lead Make-Up and Hair Stylists Guild Awards Winners

    Adam McKay’s Dick Cheney biopic “Vice,” starring Oscar nominees Christian Bale, Amy Adams and Sam Rockwell, won two awards at the sixth annual Make-Up and Hair Stylists Guild Awards Saturday night. The film won for best period and/or character makeup as well as special makeup effects. “Mary Queen of Scots” received the prize for period [...]

  • ILM John Kroll Star Wars VFX

    Sci-Tech Awards Honored After Effects, Photoshop Developers' Major Impact on VFX

    On Feb. 9, two weeks and a day before the Oscars, the Motion Picture Academy held its annual Scientific and Technical Achievement Awards — sometimes referred to as the nerd Academy Awards — honoring achievements in motion picture technology.  The ceremony included no surprise winners — Sci-Tech kudos are announced in advance, and the achievements [...]

  • Steven Spielberg Lee Orloff Mary Jo

    Cinema Audio Society Honors Steven Spielberg, Lee Orloff and Mary Jo Lang

    At the Cinema Audio Society Awards on Feb. 16, CAS is honoring a trio of artists. The event take place at the InterContinental Los Angeles Downtown hotel.   Steven Spielberg, Filmmaker Award It’s hard to overestimate the influence of the three-time Oscar winner, a towering figure in Hollywood for decades. A prolific director-producer-screenwriter, who also co-founded [...]

More From Our Brands

Access exclusive content