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Iceland Raises Film Refund Incentive Up To 35% For Major Productions

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Iceland, which provided the dramatic backdrop to some of Game of Thrones’ most dramatic scenes, today announces a major industry development initiative.Game of Thrones filmed across Iceland at locations such as the Svínafellsjökull Glacier, Lake Mývatn, and Thingvellir National Park.

Today, Film in Iceland – a sector of Business Iceland and the country’s offficial film commission – announces an increase in the country’s film refund incentive program from 25% to 35% for major productions, following the passing of new legislation.“I am very pleased to see this new bill passed into law by the Icelandic Parliament,” says Icelandic Minister of Culture and Business Affairs Lilja Alfredsdottir.“The widespread backing in Parliament by all parties bears testament to the support that the film industry enjoys in Iceland.

Since the introduction of the first reimbursement scheme in 1999, Iceland has been fully committed to building a fruitful long-term relationship with stakeholders in the film industry.

The new bill offers enhanced incentives and presents one step of many that Iceland has taken to underline that commitment.”Iceland’s parliament last approved a major increase in the film refund incentive program in 2016 when it raised the tax break from 20% to 25%.The current incentive program includes all film and television program production costs incurred in Iceland, and there is no cap on the total refund a company can receive.

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