Magazine article Screen International

Iceland’s Film Tax Incentive Grows to 25%

Magazine article Screen International

Iceland’s Film Tax Incentive Grows to 25%

Article excerpt

The new level will take effect from January 1, 2017 and the legislation has been renewed until 2021.

"The new 25% incentive will make Iceland more competitive on the international film production market," film commissioner Einar Hansen Tomasson told ScreenDaily.

"With Iceland's beautiful locations, post-production facilities, a new large scale film studio being prepared and hardworking crew members with a can-do spirit, Iceland will make for an even more attractive place for foreign productions."

Leifur B. Dagfinnsson, chairman and founding partner of leading production services company Truenorth, told ScreenDaily: "It makes Iceland competitive again as a location destination and helps local productions in terms of their financing.

"This is a cash rebate on all costs incurred in Iceland - and if the above the line talents pay withholding tax in Iceland then producers and productions will get same rebate on their fees paid during the Iceland filming period. …

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