Berlinale: Portugal plans formal filming incentive
Portugal plans to launch its first formal filming incentive within weeks, a move that should help the country compete more effectively with France and Spain.
The transferable rebate will be worth between 20% and 25% of eligible production spending for films, feature-length documentaries and animations that spend at least €1m in Portugal.
There are no details yet of any per-production caps, which could impact the rebate’s appeal to international producers.
Portugal is known mainly as a commercials production hub and offers lots of experienced service companies, so the new rebate could help bring big-budget international features to the country.
The new programme is likely to make south-west Europe a more competitive production market.
France already offers a Tax Rebate for International Production (TRIP). Last year the government increased the rebate figure from 20% to 30%, leading to a huge spending increase spearheaded by location filming for Christopher Nolan’s upcoming war epic Dunkirk.
Spain also recently launched its first formal filming incentive and has had a profile boost hosting scenes for HBO’s fantasy series Game of Thrones.