Tax Credit - New Zealand

www.nzfilm.co.nz/
In New Zealand, there are three types of Incentive: Large Budget Screen Production (LBSP) Grant (cash grant), the Post, Digital, Visual Effects
Production (PDV) Grant (cash grant), and the Screen Production Incentive Fund (SPIF) (cash grant).
If eligibility requirements are met, the benefits are 15% of qualifying local spend (QNZPE) for LBSP and PDV Grants; 40% of qualifying local spend (QNZPE) on eligible feature films, and 20% on eligible television, documentary and short form animation for SPIF Grant. There is no ceilings on compensation for LBSP and PDV; however, the maximum amount eligible for QNZPE for any individual project is NZ$15,000,000 for SPIF Grant; no caps on projects or funding per year for LBSP and PDV
The project criteria for these grants are a minimum QNZPE = NZ$15,000,000 for LBSP; or NZ$3,000,000 in post-production digital and visual effects work; bundling of productions costing a minimum of NZ$3,000,000 to meet the NZ$30,000,000 QNZPE over 24 months; bundling of episodes (completed within 12 months) averaging NZ$500,000 per hour is permitted to meet the minimum spend. For SPIF Grant, minimum QNZPE = NZ$$4,000,000 for eligible feature films, NZ$1,000,000 for eligible series of programs, NZ$1,000,000 for eligible single episode program, NZ$250,000 for eligible documentary, NZ$250,000 for eligible short-form animation, and all eligible projects must contain significant New Zealand content; official co-productions of feature films or television programming produced under 1 of New Zealand’s co-production agreements will automatically qualify as having significant NZ content and may be eligible to apply for an SPIF Grant. To be an eligible entity, you must have a New Zealand resident company or a foreign corporation operating with a fixed establishment in New Zealand for the purposes of lodging an income tax return (both when it lodges the Grant application and when the Grant is paid). These incentives are scheduled to be scheduled in 2011 for LBSP and PDV Grants and for 2012 for SPIF Grant.
Remember to exclude the tax incentive from your film budget.
Check QuickFilmBudget.com for a sample film budget!