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Possible tax breaks for film productions in Greece

Measures have been introduced by Greece’s Deputy Culture and Sports Minister Angela Gerekou for a dramatic change in tax incentives to entice film productions to shoot in the country.

The unexpected change proposes giving a 100% tax deduction on the total amount invested in the production within Greece.

If adhered to, the generous motion will involve a tax base reduction, as a large segment of pre-tax revenue invested will not be included in taxable income, as well as a financial gain for the production comparable to the income tax on the amount invested.

The incentive would aim to label Greece as an attractive film destination and bring in a wealth of new international productions.

The changes will apply specifically to Greek productions, international co-productions with Greek producers and Greek companies offering audio-visual services. The country also aims to simplify licensing procedures for filmmakers.




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