Czech Film Production Incentives Back, but at a Reduced Rate
Will Tizard Contributor Following outrage from Czech and international producers, the Czech Republic is bringing back its film production incentives – but at a reduced rate that’s being called a stop-gap measure until a new law can fully restore them. Czech President Milos Zeman has signed a new act to keep the incentives at 20% of rebate on cash spent – lagging behind the 30% rate now in play in Hungary and Poland and also trailing Slovakia and Germany, who each offer 25%. The new law also caps the fund available for rebates at about $6 million per project, a limit that the head of the Czech Film Commission, Pavlina Zipkova, says “is going against the pure sense of production incentives, which is to attract inward investment.”