http://film.vic.gov.au/www/html/35-incentives.asp
The Australian Government provides tax incentives for film and television in Australia through the Australian Screen Production Incentive scheme. The incentives are available in three mutually exclusive strands.
1. Location Offset
The Location Offset provides a 15% rebate on qualifying expenditure to large budget film and television productions which film in Australia. The Location Offset is available to productions with a minimum qualifying Australian expenditure of AU$15 million. Australian spends between AU$15 million and AU$50 million must represent 70% of the production's total budget.
2. Post/Digital/VFX Offset
The Post Production, Digital and Visual Effects Offset provides a 15% rebate to projects that spend at least AU$5 million on post, digital and VFX works in Australia regardless of whether the production was shot in Australia.
3. Producer Offset
The Producer Offset is available for producers of Australian film and television projects and is available to feature films at 40% of qualifying expenditure and to programs other than feature films (TV series, mini-series or telemovies, short-form animations, non-feature documentary or direct-to-DVD or web-distributed programming) at 20% of qualifying expenditure as set out in the legislation and guidelines.
Projects must be deemed to have Significant Australian Content (SAC) in order to be eligible for this incentive. Screen Australia, formerly the Film Finance Corporation Australia, determines eligibility for SAC.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Friday, May 28, 2010
Thursday, May 27, 2010
Tax Credit - AUSTRALIA, SOUTH AUSTRALIA
http://www.safilm.com.au/Content.aspx?p=69
Payroll tax exemption
A payroll tax exemption on eligible productions shot in SA reduces the film’s payroll total by approximately 4.95 per cent. Note that this is an up-front exemption, not a rebate. To be eligible for the exemption, projects must be produced wholly or substantially within South Australia, employ SA residents, and provide significant economic benefits to the State.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Payroll tax exemption
A payroll tax exemption on eligible productions shot in SA reduces the film’s payroll total by approximately 4.95 per cent. Note that this is an up-front exemption, not a rebate. To be eligible for the exemption, projects must be produced wholly or substantially within South Australia, employ SA residents, and provide significant economic benefits to the State.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Wednesday, May 26, 2010
Tax Credit - AUSTRALIA, QUEENSLAND
http://www.screenqueensland.com.au/pftc/funding/content.asp?pageid=660&top=2&menuparent=641
How much will be provided and in what form?
1. Location Scouting - a grant up to a certain amount based on the anticipated Queensland spend. Support through the scouting programme is available for projects prior to commencement of pre production and prior to or during financing.
2. Labour and Heads of Department Incentives - Australian Productions (includes projects that are eligible to apply for the producer offset) - grants up to a maximum amount based on the anticipated Queensland spend.
(a) Labour Incentive
12.5% of the basic salary/wage costs (other than rebatable payroll tax) of bona fide Queensland cast and crew employed on the production. There is a remuneration package ceiling of $2,500 per week per employee. Employees earning in excess of this amount are included with the incentive calculated by reference to the ceiling rate. The incentive is capped and linked to Queensland production expenditure. Thresholds are determined by the location of the production company's usual place of business:
Production companies based in Queensland:
- Queensland expenditure A$1m - $3m - maximum A$15,000;
- Queensland expenditure A$3m-$9.99m - maximum A$50,000;
- Queensland expenditure A$10m-$14.99m - maximum A$75,000;
- Queensland expenditure A$15m+ - maximum A$100,000.
Production companies based interstate:
- Queensland expenditure A$5m-$9.99m - maximum A$50,000;
- Queensland expenditure A$10m-$14.99m - maximum A$75,000;
- Queensland expenditure A$15m+ - maximum A$100,000.
(b) Heads of Department Incentive
Applicants may be eligible for up to two incentives, based on the following thresholds:
- Queensland expenditure A$5m - one Head of Department incentive of A$25,000;
- Queensland expenditure A$10m -two Head of Department incentives totalling A$50,000.
Each eligible Head of Department must:
- Be directly employed by the production for a minimum ten (10) week period;
- Hire a minimum of four (4) bona fide Queensland crew in the department as direct subordinates.
3. Labour and Heads of Department Incentives - International Productions - grants up to a maximum amount based on the anticipated Queensland spend. International productions with QPE of AU $40m+ are eligible to apply for a production attraction grant. Please contact Jess Conoplia, jconoplia@screenqld.com.au, for more details.
(a) Labour Incentive
12.5% of the basic salary/wage costs (other than rebatable payroll tax) of bona fide Queensland cast and crew employed on the production.
There is a remuneration package ceiling of $2500 per week per employee. Employees earning in excess of this amount are included with the incentive calculated by reference to the ceiling rate. The incentive is capped and linked to Queensland production expenditure.
Drama productions (including animation productions):
- Queensland expenditure A$5m-$9.99m - maximum A$200,000
- Queensland expenditure A$10m-$14.99m - maximum A$400,000;
- Queensland expenditure A$15m-$19.99m - maximum A$550,000;
- Queensland expenditure A$20m-$24.99m - maximum A$700,000;
- Queensland expenditure A$25m-$29.99m - maximum A$850,000;
- Queensland expenditure A$30m+ - approach Screen Queensland directly for clarification of the incentive.
Non-drama productions (including reality):
- Queensland expenditure A$5m-$9.99m - maximum A$100,000;
- Queensland expenditure A$10m-$14.99m - maximum A$200,000;
- Queensland expenditure A$15m+ - maximum A$300,000.
(b) Heads of Department Incentive
Applicants may be eligible for up to two incentives, based on the following thresholds:
- Queensland expenditure A$3.5m - one Head of Department incentive of A$25,000;
- Queensland expenditure A$5m -two Head of Department incentives totalling A$50,000.
Each eligible Head of Department must:
- Be directly employed by the production for a minimum ten (10) week period;
- Hire a minimum of four (4) bona fide Queensland crew in the department as direct subordinates.
4. Queensland State Payroll Tax Rebate - Australian and International Productions - rebate up to a certain amount based on the eligible payroll for productions.
- Single project - Queensland expenditure $3.5m;
OR
- Two (2) or more productions with individual Queensland expenditure of $1m and combined Queensland expenditure of $5m, within a four (4) year period, by one (1) production company or production services company (known as bundling).
This rebate is paid directly by the Queensland Office of State Revenue from its funds. Screen Queensland facilitates these claims on behalf of eligible productions.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
How much will be provided and in what form?
1. Location Scouting - a grant up to a certain amount based on the anticipated Queensland spend. Support through the scouting programme is available for projects prior to commencement of pre production and prior to or during financing.
2. Labour and Heads of Department Incentives - Australian Productions (includes projects that are eligible to apply for the producer offset) - grants up to a maximum amount based on the anticipated Queensland spend.
(a) Labour Incentive
12.5% of the basic salary/wage costs (other than rebatable payroll tax) of bona fide Queensland cast and crew employed on the production. There is a remuneration package ceiling of $2,500 per week per employee. Employees earning in excess of this amount are included with the incentive calculated by reference to the ceiling rate. The incentive is capped and linked to Queensland production expenditure. Thresholds are determined by the location of the production company's usual place of business:
Production companies based in Queensland:
- Queensland expenditure A$1m - $3m - maximum A$15,000;
- Queensland expenditure A$3m-$9.99m - maximum A$50,000;
- Queensland expenditure A$10m-$14.99m - maximum A$75,000;
- Queensland expenditure A$15m+ - maximum A$100,000.
Production companies based interstate:
- Queensland expenditure A$5m-$9.99m - maximum A$50,000;
- Queensland expenditure A$10m-$14.99m - maximum A$75,000;
- Queensland expenditure A$15m+ - maximum A$100,000.
(b) Heads of Department Incentive
Applicants may be eligible for up to two incentives, based on the following thresholds:
- Queensland expenditure A$5m - one Head of Department incentive of A$25,000;
- Queensland expenditure A$10m -two Head of Department incentives totalling A$50,000.
Each eligible Head of Department must:
- Be directly employed by the production for a minimum ten (10) week period;
- Hire a minimum of four (4) bona fide Queensland crew in the department as direct subordinates.
3. Labour and Heads of Department Incentives - International Productions - grants up to a maximum amount based on the anticipated Queensland spend. International productions with QPE of AU $40m+ are eligible to apply for a production attraction grant. Please contact Jess Conoplia, jconoplia@screenqld.com.au, for more details.
(a) Labour Incentive
12.5% of the basic salary/wage costs (other than rebatable payroll tax) of bona fide Queensland cast and crew employed on the production.
There is a remuneration package ceiling of $2500 per week per employee. Employees earning in excess of this amount are included with the incentive calculated by reference to the ceiling rate. The incentive is capped and linked to Queensland production expenditure.
Drama productions (including animation productions):
- Queensland expenditure A$5m-$9.99m - maximum A$200,000
- Queensland expenditure A$10m-$14.99m - maximum A$400,000;
- Queensland expenditure A$15m-$19.99m - maximum A$550,000;
- Queensland expenditure A$20m-$24.99m - maximum A$700,000;
- Queensland expenditure A$25m-$29.99m - maximum A$850,000;
- Queensland expenditure A$30m+ - approach Screen Queensland directly for clarification of the incentive.
Non-drama productions (including reality):
- Queensland expenditure A$5m-$9.99m - maximum A$100,000;
- Queensland expenditure A$10m-$14.99m - maximum A$200,000;
- Queensland expenditure A$15m+ - maximum A$300,000.
(b) Heads of Department Incentive
Applicants may be eligible for up to two incentives, based on the following thresholds:
- Queensland expenditure A$3.5m - one Head of Department incentive of A$25,000;
- Queensland expenditure A$5m -two Head of Department incentives totalling A$50,000.
Each eligible Head of Department must:
- Be directly employed by the production for a minimum ten (10) week period;
- Hire a minimum of four (4) bona fide Queensland crew in the department as direct subordinates.
4. Queensland State Payroll Tax Rebate - Australian and International Productions - rebate up to a certain amount based on the eligible payroll for productions.
- Single project - Queensland expenditure $3.5m;
OR
- Two (2) or more productions with individual Queensland expenditure of $1m and combined Queensland expenditure of $5m, within a four (4) year period, by one (1) production company or production services company (known as bundling).
This rebate is paid directly by the Queensland Office of State Revenue from its funds. Screen Queensland facilitates these claims on behalf of eligible productions.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Tuesday, May 25, 2010
Tax Credit - AUSTRALIA, NEW SOUTH WHALES
http://www.screen.nsw.gov.au/index.php?page_id=6
New South Whales offers a cash rebate type incentive. The government determines the degree of assistance on a case-
by-case basis, based on the local economic impact. This program has no cap on the potential compensation. The criteria for a project to be eligible is that it is a “Footloose” feature films, telemovies, animation, mini-series, TV series, and unaccompanied post production projects are eligible, with a minimum spend of A$5,000,000 in NSW for production, or A$3,000,000 in NSW for post-production costs.
To be eligible, the tax credit must be filed by an Australian resident company or non-resident with a PE and Australian Business
Number.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
New South Whales offers a cash rebate type incentive. The government determines the degree of assistance on a case-
by-case basis, based on the local economic impact. This program has no cap on the potential compensation. The criteria for a project to be eligible is that it is a “Footloose” feature films, telemovies, animation, mini-series, TV series, and unaccompanied post production projects are eligible, with a minimum spend of A$5,000,000 in NSW for production, or A$3,000,000 in NSW for post-production costs.
To be eligible, the tax credit must be filed by an Australian resident company or non-resident with a PE and Australian Business
Number.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Thursday, May 20, 2010
Tax Credit - AUSTRALIA FEDERAL
http://www.afc.gov.au/filminginaustralia/taxfins/federal/fiapage_56.aspx
A new Australian Screen Production Incentive was introduced as part of the 2007-08 Federal Budget. It comprises:
a Producer Offset, providing a tax offset of 40 per cent of eligible Australian expenditure to producers of qualifying feature films, and a 20 per cent rate for qualifying television productions, including TV series, documentaries, mini-series. The offset will be delivered through the taxation system and will not be capped. A Producer Offset Fact Sheet is available here: www.ffc.gov.au/producer_offset/.
Location and PDV Offsets for international producers, which replace the previous incentive (the Refundable Film Tax Offset, or RFTO). The new Location Offset provides a 15.0 per cent offset for eligible expenditure. Eligibility for international producers will be extended beyond the criteria for the RFTO to include an alternative but mutually exclusive post, digital and visual effects (PDV) offset, where qualifying expenditure exceeds $5.0 million, whether or not the production is shot in Australia. www.arts.gov.au/arts_culture/film/location_offset.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
A new Australian Screen Production Incentive was introduced as part of the 2007-08 Federal Budget. It comprises:
a Producer Offset, providing a tax offset of 40 per cent of eligible Australian expenditure to producers of qualifying feature films, and a 20 per cent rate for qualifying television productions, including TV series, documentaries, mini-series. The offset will be delivered through the taxation system and will not be capped. A Producer Offset Fact Sheet is available here: www.ffc.gov.au/producer_offset/.
Location and PDV Offsets for international producers, which replace the previous incentive (the Refundable Film Tax Offset, or RFTO). The new Location Offset provides a 15.0 per cent offset for eligible expenditure. Eligibility for international producers will be extended beyond the criteria for the RFTO to include an alternative but mutually exclusive post, digital and visual effects (PDV) offset, where qualifying expenditure exceeds $5.0 million, whether or not the production is shot in Australia. www.arts.gov.au/arts_culture/film/location_offset.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Wednesday, May 19, 2010
Tax Credit - Wyoming
http://www.wyomingfilm.org/ViewPage.aspx?PageId=354736
The Film Industry Financial Incentive (FIFI) program is a cash rebate program for production companies of up to 15% on dollars spent in the State of Wyoming during a film shoot. The production company would have to spend a minimum amount of $200,000 to qualify and then meet additional criteria to determine the rebate percentage between 12%-15%.
Qualified expenditures generally include, but are not limited to:
-Wages, salaries, or other compensation for technical and production crews, directors, producers, performers and extras who are residents of this state.
-Expenditures on goods and services made in Wyoming for the following, providing that each company which provides goods or services is located and doing business in Wyoming:
preproduction, production, post-production, digital media effects services, sets, and set construction.
rental equipment, including, but not limited to, cameras and grip or electrical equipment.
meals, travel, accommodations, and goods used in producing filmed entertainment that is located and doing business in this state.
Rebate percentage between 12% and 15% based on the following criteria:
-Providing a storyline that is set in Wyoming (full 15% rebate)
-Providing additional Wyoming behind the scenes footage highlighting Wyoming locations used in the project (up to 14% rebate)
-Using Wyoming props and product placement (up to 13% rebate)
-Providing a clear statement in the credits that the product was filmed in Wyoming (minimum 12% rebate)
-Other promotional opportunities that provide Wyoming tourism value could be negotiated to determine rebate percentage.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
The Film Industry Financial Incentive (FIFI) program is a cash rebate program for production companies of up to 15% on dollars spent in the State of Wyoming during a film shoot. The production company would have to spend a minimum amount of $200,000 to qualify and then meet additional criteria to determine the rebate percentage between 12%-15%.
Qualified expenditures generally include, but are not limited to:
-Wages, salaries, or other compensation for technical and production crews, directors, producers, performers and extras who are residents of this state.
-Expenditures on goods and services made in Wyoming for the following, providing that each company which provides goods or services is located and doing business in Wyoming:
preproduction, production, post-production, digital media effects services, sets, and set construction.
rental equipment, including, but not limited to, cameras and grip or electrical equipment.
meals, travel, accommodations, and goods used in producing filmed entertainment that is located and doing business in this state.
Rebate percentage between 12% and 15% based on the following criteria:
-Providing a storyline that is set in Wyoming (full 15% rebate)
-Providing additional Wyoming behind the scenes footage highlighting Wyoming locations used in the project (up to 14% rebate)
-Using Wyoming props and product placement (up to 13% rebate)
-Providing a clear statement in the credits that the product was filmed in Wyoming (minimum 12% rebate)
-Other promotional opportunities that provide Wyoming tourism value could be negotiated to determine rebate percentage.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
Tuesday, May 18, 2010
Tax Credit - Wisconsin
http://www.filmwisconsin.net/Incentives/Synopsis.asp
The Governor of Wisconsin signed into law a very limited, new refundable credit for the film, television and video game industries. The overall provisions are as follows:
-Fully refundable tax credit - capped at $500,000 per year in total expenditures
-25 percent credit on the salaries and wages paid to Wisconsin residents making $250,000 on the project or less. Salaries and wages to nonresidents are not included.
-25 percent credit on Wisconsin production expenditure purchased in Wisconsin
-15 percent credit on film production company investments
-35 percent of the project's total budget must be spent in Wisconsin to qualify.
-Existing film and video game-related companies that wish to expand the state are eligible for the tax incentives under the company investment credit.
-Establishes application fees
-Lowers the threshold for an accredited production from $100,000 to $50,000
-Extend the eligible timeline for video game projects from 12 to 36 months.
-The proposal eliminates the non-refundable sales tax exemption that existed in previous law.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
The Governor of Wisconsin signed into law a very limited, new refundable credit for the film, television and video game industries. The overall provisions are as follows:
-Fully refundable tax credit - capped at $500,000 per year in total expenditures
-25 percent credit on the salaries and wages paid to Wisconsin residents making $250,000 on the project or less. Salaries and wages to nonresidents are not included.
-25 percent credit on Wisconsin production expenditure purchased in Wisconsin
-15 percent credit on film production company investments
-35 percent of the project's total budget must be spent in Wisconsin to qualify.
-Existing film and video game-related companies that wish to expand the state are eligible for the tax incentives under the company investment credit.
-Establishes application fees
-Lowers the threshold for an accredited production from $100,000 to $50,000
-Extend the eligible timeline for video game projects from 12 to 36 months.
-The proposal eliminates the non-refundable sales tax exemption that existed in previous law.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!
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