FNE banner 460 x 100 2 460x100 zff 59

Lithuania to Raise Tax Incentives to 30% Featured

2018-12-13

VILNIUS: The Lithuanian parliament has approved an increase in tax incentives from 20 to 30% starting 1 January 2019 as the legislation has been renewed for the next five years.

In the last four years Lithuania received 24.4 m EUR worth of investment from foreign film producers. A total of 68 filmmakers made use of the tax incentive scheme and 23 international films benefited from the scheme, according to the Lithuanian Film Centre.

Lithuania is about to wrap a great year for the film industry with expenditure on film production expected at 27 m EUR, of which more than 5 m EUR from local businesses.

The updated tax incentive is available for fiction films, TV films, documentaries and animated films. At least 80% of eligible film production costs must be incurred in Lithuania and the total amount of eligible spend in Lithuania has to be no less than 43,000 EUR.

1.jpg

fnemarketonline2019

 FF FB banner new

sofa call banner version2

filmneweurope325x330

rusian longtext

FNEAVInnovationNEW

CinemaOfTheMonth042019

docbloc30032017

WhosGotTheMoney

FNE UNIC Update

Fne UnicUpdateNEW

fneAssocLogo315

logoCreativeEurope2019