Magazine article Screen International

Serbia Joins Tax Incentive Club

Magazine article Screen International

Serbia Joins Tax Incentive Club

Article excerpt

The long-anticipated incentive, which offers a 20% rebate on the eligible spend while shooting in Serbia, came into effect on Thursday (Aug 13).

Serbia's Prime Minister Aleksandr Vucic had already indicated during a state visit to Munich at the end of the end of July that the legislation would now come on to the statute books.

"The new government support for filmmaking will make Serbia an even more attractive choice for film and television producers," said Bernie Stampfer, one of the co-founders of International Film Partners (IFP).

This latest news could not be more timely since IFP was recently hired as consultants for the strategic revamping of the historic Avala Film Studios in Belgrade.

A private group of investors in the IT, telecommunications and media industries had acquired the studio complex last month with the aim of re-positioning it as the leading studio in the Balkans under the new name of Avala Film Way (AFW).

As a full-service provider, AFW will have 10,000 square metres of its own studio space and another 12,000 square metres from its partners at its disposal for productions.

IFP was founded a year by former Deutsche Bank executive Bernie Stampfer and former Bavaria Film Partners managing director Markus Vogelbacher as a film financing broker and consultancy for international film and television productions. …

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