TAX REBATE SYSTEM

Motion Picture Act And Corporate Tax Act

Introduced by the Hungarian government in 2004, this act provides favourable conditions for shooting films on location in Hungary.

THIS FINANCIAL SUPPORT SYSTEM HAS TWO PILLARS indirect state support (tax incentives for films and related projects) and direct state support (for local films or co-productions Feature films, short films, documentaries, science, nature and animated films, TV movies and TV series are eligible for indirect state support. Feature films, animated films and documentaries (min. 70 minutes) are eligible for direct state support.

COST BENEFITS

Foreign Producers can reduce their costs up to 37,5% of expenses incurred directly in Hungary. Eligible expenses include all payments contained in the budget that were paid to Hungarian and partially to non-Hungarian taxpayers.