http://www.screendaily.com/news/finance-news/austria-to-fast-track-launch-of-20m-film-incentive/5009900.article
The Austrian government is planning to pay out €5m ($7.1m) to film projects this year after ‘fast-tracking’ the introduction of its production incentive.
The scheme, which is modelled on Germany’s Federal Film Fund (DFFF), was announced by Austrian economics minster Reinhold Mitterlehner on Thursday (January 21). €5m will be paid out this year to qualifying projects, and €7.5m in each of the following two years.
The grants for Austrian feature films and documentaries as well as international co-productions and co-financing will only be awarded if the production costs paid out in Austria for film-related goods and services are at least 25% of the total production costs. (This could also be 20% for large productions with a budget over €10m or in specific individual cases.)
The maximum support for a single project will amount to 25% of the Austrian production costs or 15% of the fund’s annual budget.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
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