The Greek government has created a new 30% tax credit which it will be possible to combine with the country’s existing cash rebate, which has been increased to 35% from 25%, in what is an ambitious move to attract international production to the country.
Qualifying international and local film and TV projects will be able to access both immediately, as long as the amount they receive does not exceed 50% of each project’s total production spend.
Additionally, the rebate is no longer capped at €5m per project.
It is though to be the first time productions can access a tax credit and a cash rebate on the same spend at national level anywhere in the world.
See more at Screen Daily.