Taiwan offers a film incentive in the form of a cash grant. The benefit, if all eligibility requirements are met, is that the film receives 20% of total personnel expenses for ROC national cast members; 15% of the total expenses for ROC nationals working as crew members for motion pictures filmed partially or entirely in Taiwan. If filmed and pre-produced or post-produced partially or entirely in Taiwan, there is an additional grant of 15% of local production expenditures. There are also incentives for qualifying animation projects and an additional grant of 5% for transport and accommodation expenses and insurance costs. There are no caps to the compensation for a film. The government has designated US$1,000,000 to the fund per year. The only criteria to qualify is that the local minimum spend is greater than US$100,000. The entities eligible to apply are foreign motion picture production enterprises with permission from the Government Information Office (GIO). At this time, there does not exist a sunset or review deadline to this film incentive program.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Tuesday, August 3, 2010
Tax Credit - TAIWAN, REPUBLIC OF CHINA (ROC) - Taipei City
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