France’s tax credit for audiovisual productions offers significant advantages to encourage filming in the country. Let’s detail some key points about this tax credit:
1. Tax Refund Rate:
The tax refund rate is 30%, with an increase to 40% for visual effects (VFX) intensive projects. This provides an additional financial incentive for projects requiring complex visual effects.
2. Minimum expenses:
The minimum eligible expenses to benefit from the tax credit is €250,000. Projects must reach this spending threshold in France to be eligible.
3. Maximum refund per project:
The maximum refund per project is €30 million (approximately $34 million). This means that even if eligible expenses exceed this amount, the maximum refund remains capped at €30 million.
4. No Annual Ceiling:
There is no annual cap on the tax credit, providing flexibility for large-scale projects that may span several years.
5. Provisional Agreement in 3 Weeks:
A provisional agreement regarding eligibility for the tax credit can be obtained within three weeks. This allows producers to plan their project quickly, taking the tax benefits into account.
6. Applicability to various projects:
The tax credit applies to a wide range of projects, both animated and live-action. It covers formats such as feature films, television series, web series, virtual reality (VR), etc.
7. Eligible expenses:
Eligible expenses include costs related to filming, visual effects (VFX) and postproduction. This provides comprehensive coverage for the different phases of audiovisual production.
Note: Foreign hires do not qualify for the incentives (French & E.U hires only)
France’s tax credit for audiovisual productions offers significant advantages to encourage filming in the country. Let’s detail some key points about this tax credit:
1. Tax Refund Rate:
The tax refund rate is 30%, with an increase to 40% for visual effects (VFX) intensive projects. This provides an additional financial incentive for projects requiring complex visual effects.
2. Minimum expenses:
The minimum eligible expenses to benefit from the tax credit is €250,000. Projects must reach this spending threshold in France to be eligible.
3. Maximum refund per project:
The maximum refund per project is €30 million (approximately $34 million). This means that even if eligible expenses exceed this amount, the maximum refund remains capped at €30 million.
4. No Annual Ceiling:
There is no annual cap on the tax credit, providing flexibility for large-scale projects that may span several years.
5. Provisional Agreement in 3 Weeks:
A provisional agreement regarding eligibility for the tax credit can be obtained within three weeks. This allows producers to plan their project quickly, taking the tax benefits into account.
6. Applicability to various projects:
The tax credit applies to a wide range of projects, both animated and live-action. It covers formats such as feature films, television series, web series, virtual reality (VR), etc.
7. Eligible expenses:
Eligible expenses include costs related to filming, visual effects (VFX) and postproduction. This provides comprehensive coverage for the different phases of audiovisual production.
Note: Foreign hires do not qualify for the incentives (French & E.U hires only)