Finland considering to add a film rebate
Finland is looking to have a film incentive in place by early 2017, with the country’s government pushing forward the proposed incentive.
The incentive will be similar to the one Norway and Iceland currently have in place.
During the annual government workshop to balance the state budget, the Finnish government said it would push forward the proposed 25% cash rebate model.
The cash rebate would apply to money spent on local goods, services and salaries in conjunction with features, series, documentaries and animations shot in Finland.
The incentive would be split from the budgets of the Ministry of Economic Affairs and Employment together.
Now, that workshop’s decisions need to be approved by Parliament to become law; the approval is widely expected to happen in the Parliamentary vote. The rebate could be in place in early 2017.
The cash rebate of 25% would apply to money spent on local goods, services and salaries in conjunction with production work carried out in Finland. Applicable productions include feature films, fiction series, documentary films and animations.
The incentive would be split from the budgets of the Ministry of Economic Affairs and Employment together with the Ministry of Education and Culture. It would be administered by Tekes, the Finnish Funding Agency for Innovation.
If this incentive passes, it will make the Nordic regions even more popular for international productions.