25+5% TAX REBATE | 電影影評網
Inanutshell:ifaforeignmovieproductioncompanyshootsamovieinHungary(andspendsmoney,evenonlyonvideooraudiopost-production),gets25percent ...
25+5% TAX REBATEFrom the USA through the Netherlands to Asia several foreign movie production companies have enjoyed one of the greatest advantages of shooting in Hungary: the 25 percent tax rebate.
But what is 25+5 % tax rebate exactly?
The Motion Picture Act and Corporate Tax Act, in other words the Hungarian financial support system has been providing a unique opportunity (tax rebate) for those who shoot a movie in Hungary for several years. In a nutshell: if a foreign movie production company shoots a movie in Hungary (and spends money, even only on video or audio post-production), gets 25 percent of the cost back from the Hungarian government indirectly. Productions can request a monthly settling and refund. Subtracting administrative costs, the production still can get 23 percent back.
The Motion Picture Act and Corporate Tax Act offers two ...
25+5% TAX REBATE | 電影影評網
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