Magazine article Screen International

Estonia to Join Tax Rebate Club in 2016

Magazine article Screen International

Estonia to Join Tax Rebate Club in 2016

Article excerpt

A two-year pilot project with an initial annual budget of euro500,000 ($530,000) is due to be launched from January 1, 2016 under the auspices of the Estonian Film Institute (EFI) open to features, documentaries, high-end TV drama and animation shooting in Estonia, offering a cash rebate of up to 30% on the local spend.

EFI head Edith Sepp explained at this week's Baltic Event in Tallinn that the rules for the rebate scheme would require, among other things, that the minimum eligible overall production budget is set at euro1m ($1.07m), production costs must occur in Estonia, 50% of the production's budget must be in place when making an application.

"If you want the 30% rebate, you will need to engage more local creative members in the production's crew and they have to be Estonians residing in the country," said Sepp.

The scheme - which could have its budget increased to euro2m ($2.14m) in 2017 - is will be on a "first come, first served" basis, and applications will be possible on a rolling basis with four deadlines for the funding decisions. …

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