Eligible Spending in Hungary
In the Hungarian film industry, eligible spending refers to specific expenditures that qualify for the tax rebate or incentive programs provided by the government to promote and support filmmaking within the country. The Hungarian government has implemented these measures to attract both domestic and international filmmakers, fostering a vibrant and competitive film production environment.
Key categories of eligible spending in the Hungarian film industry include
01
To encourage the employment of Hungarian professionals in the film industry, eligible spending often includes payments to local crew members, actors, and other personnel involved in the production. This helps boost employment opportunities within the local film community.
02
Hungary's tax incentives extend beyond its borders, offering a 30% rebate on qualifying foreign spend as long as it is paid through a Hungarian company. This flexibility recognizes the global nature of filmmaking, encouraging international productions to choose Hungary as a preferred location for shooting, post-production, and other related activities.
03
Costs associated with securing filming locations and obtaining necessary permits contribute to eligible spending. This incentivizes filmmakers to explore and showcase the diverse landscapes and cultural richness of Hungary in their productions.
04
Investments in technology and equipment, such as cameras, lighting, and sound equipment, may be eligible for incentives. This encourages filmmakers to utilize local suppliers and rental services, supporting the growth of the local film industry infrastructure.
05
Some incentive programs may cover expenses related to the development phase of a film, including scriptwriting, pre-production planning, and other preparatory activities. This ensures that filmmakers are supported throughout the entire filmmaking process.
06
In alignment with global trends towards sustainability, certain incentive programs may include eligible spending on environmentally friendly practices. Filmmakers may receive incentives for incorporating green technologies, minimizing environmental impact, and promoting sustainable filmmaking practices.
It's important to note that the specific criteria for eligible spending can vary based on the terms of the incentive program. Filmmakers and production companies interested in accessing these incentives need to carefully adhere to the guidelines set by the Hungarian government, ensuring compliance with the requirements to maximize the benefits of the rebate or incentive program.
