Magazine article Screen International

Ukraine's Film and TV Cash Rebate Finally Signed off by President

Magazine article Screen International

Ukraine's Film and TV Cash Rebate Finally Signed off by President

Article excerpt

After months of delays when he vetoed the new Cinema Law despite it having been adopted by the Ukrainian Parliament, President Petro Poroshenko has finally put his signature to the decree introducing the new legislative framework for the film industry, including the creation of a cash rebate scheme for international film and television producers shooting in Ukraine.

According to the legislation 'On the State Support of the Cinematography in Ukraine', foreign producers will be able to get a rebate of up to 16.6% of the production costs spent on the territory of Ukraine and receive an additional 10% for the labour costs in Kiev and Sevastopol and 4.5% of labour costs incurred in the rest of Ukraine.

Poroshenko's timing was highly fortuitous: his signature came on the eve of the first national awards staged by the newly created Ukrainian Film Academy, giving a great boost to the local industry's morale and future prospects; and the cash rebate will now be one of the key elements showcased at the territory's first ever Pavilion set up at Cannes' Marché du Film in two weeks' time.

"The Ukrainian film industry has changed considerably," Philip Illienko, head of the Ukrainian State Film Agency (USFA) noted. "There are many projects in co-production, domestic production is growing, and there are positive changes in the laws. …

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