TAX INCENTIVES IN LITHUANIA Lithuania offers you up to 20% of Lithuanian production budget. Lithuanian production company
Agreement For donation
Foreign producer
Lithuanian Film Centre
Donation
Lithuanian donor
HOW DOES IT WORK? The Incentives are available to feature films, TV films, documentaries and animated films. The scheme involves a foreign production company, a Lithuanian production company, a local donor providing financial support to the film and the Lithuanian Film Centre that administers the Scheme. Foreign producer will need a local production company to be able to qualify for the Incentives. The scheme can be applied to a whole film or a part of it. The production company saves 20% of the budget when filming in Lithuania and the local sponsor is motivated by the opportunity to reduce the local corporate income tax. ELIGIBILITY The film has to meet cultural content and production criteria Film spend in Lithuania has to be at least EUR 43 000. At least 80% of Lithuanian production costs have to be spent in Lithuania. The aggregate maximum amount of the donation funds provided cannot exceed 20% of the production expenses of the film or its part. For more information, visit www.lkc.lt/en 2015-2016 INTERNATIONAL PRODUCTIONS: WAR AND PEACE (UK) THE HERO (Russia) THICKER THAN WATER (Sweden) THE MIDWIFE (Finland, Lithuania) THE EICHMANN SHOW (UK) TWO NIGHTS TILL MORNING (Finland, Lithuania) L'ADOPCIĂ“ (Spain, Lithuania)
2015 saw the highest number of foreign productions come to Lithuania since new tax incentives were announced to entice international productions and investment to the area.
35