France’s Parliament Greenlights 40% Tax Rebate for VFX-Heavy Foreign Productions

France’s parliament has greenlit a 10% increase for the international tax rebate to 40% for international productions boasting a large portion of visual effects.

Kicking off this year, the incentive will allow foreign productions spending at least 2 million euros in VFX to obtain a 40% rebate on all the qualified expenditures made in France.

However, the parliament did not approve a bill proposal to get above-the-line expenditures such as the salaries of actors to qualify for the rebate, as it is the case in Ireland and the U.K. which keep attracting the biggest shoots.

France’s top line producers, John Bernard and Raphael Benoliel, as well as orgs such as Film France and several senators are lobbying for above-the-line spending to qualify and are arguing that an improved tax incentive would bring in more revenues into State coffers, as well as create jobs.

France has lost a flurry of big-budget productions to countries boasting more aggressive incentives in recent years.

Case in point: Ridley Scott’s upcoming “The Last Duel” whose story unfolds during the reign of King Charles VI in France would be filming entirely on location if the tax incentive had been improved, according to an industry source. But half of the movie will now be shooting in Ireland, where the salaries of actors, including Adam Driver, Matt Damon and Ben Affleck, will taken into account for the rebate.

Popular on Variety

Aside from its tax incentive, France also has some catching up to do with regards to studios. Compared with with its neighbours such as the U.K. or Germany which have Pinewood and Babelsberg Studios, respectively, France is lacking similar venues to host non-exterior shoots.

On top of the existing studios at Bry-sur-Marne and La Cite du Cinema, a number of other studios are being built or revamped, including the Hollywood-style La Victorine Studios which is preparing to build a 32,300-square-foot sound stage and will be joining forces with the Marseille Provence Studios in Southern France for outdoors shoots; and Bretigny Studios near Paris, where the shoot of “Eiffel,” a film starring Romain Duris and Emma Mackey (“Sex Education”) recently took place.

More Film

  • Bob Iger

    Bob Iger's Disney Compensation Drops to $47.5 Million in 2019

    Disney chief Bob Iger saw his compensation for 2019 drop to $47.5 million, a 28% decline from his 2018 pay package. Disney’s leader earned $3 million in salary and a $21.8 million bonus, plus another $10 million in stock awards and $9.6 million in stock options, Disney disclosed in a Securities and Exchange Commission filing [...]

  • WTFilms' Gregory Chambet on Riding the

    WTFilms' Gregory Chambet on Riding the New Wave of French Genre Movies

    French horror, fantasy and sci-fi movies – in large part generated by a younger generation of directors combining genre and arthouse styles – are a rising force on the international scene. Among the companies riding this genre wave is WTFilms. French crossover films are a key programming strand at A-list festivals. For example, Cannes Directors’ [...]

  • Will Smith and Martin Lawrence star

    Box Office: 'Bad Boys for Life' Soaring to $70 Million Opening

    “Bad Boys for Life” is tracking for a solid launch with as much as $70 million at 3,740 venues in North America over the four-day holiday weekend, early estimates showed Friday. The figure was nearly double pre-release forecasts. Some sources cautioned that the final number could be closer to $60 million but “Bad Boys for [...]

  • Olivia Colman Phoebe Waller Bridge Brad

    SAG Awards Predictions 2020: 'Parasite,' 'Fleabag' and Other Top Contenders

    No matter who wins at the Screen Actors Guild Awards on Sunday, it will be a surprise. That’s because there aren’t many obvious frontrunners in either the TV or film categories at this year’s competition. Around 160,000 members from across the country vote for the SAG Awards, and with such a large voting body, members [...]

  • This is Us

    Los Angeles On-Location Production Slides 5% in Fourth Quarter

    Overall on-location filming in Los Angeles dropped 5% from October through December, according to a report released by permitting agency FilmLA on Friday. Officials said the decline in overall shoot days to 9,839 was due partly to record activity levels in 2018, which generated the highest level of local production activity of any quarter in [...]

More From Our Brands

Access exclusive content