Tax Credit - Israel

http://www.filmfund.org.il/page.aspx?section=141
Cost reduction incentive of 20% (17%, plus VAT of 15.5%) of eligible “production payments in Israel”. There are noo project or funding caps. The minimum local spend of NIS 8,000,000 (approximately US$2,000,000) To be eligible, you must be a company resident in Israel that is engaged in the production of films.

Israel also offers a Film Fund to pay for development and production. The selection of the films and the amount invested in each of the films, is based on the recommendations of the Fund’s executive director, the Fund’s head of productions and finance, the Fund’s professional consultants and on the approval of the Fund’s board of directors. The support of the Fund is given in the form of an investment with a recoupment and profit share policy which provides attractive incentives to the investors.
The Fund may invest up to 70% of the approved “below the line” budget. The level of production support varies between as low as $50, 000 to as high as $600,000.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!