France Woos Hollywood with Tax Credits

France will offer up to 20 percent credit on foreign productions with links to French or European culture

Last Updated: December 7, 2009 @ 11:16 AM

France introduced the Tax Rebate for International Production on Tuesday (December 1), which aims to encourage big-budget foreign films to shoot in the country.

It is open to film and TV and will offer a 20 per cent tax credit – up to $5.5m (€4m) – on money spent in France. Applications will have to pass a cultural test to prove the project has a link to French or European culture. It was passed by French parliament last December and received the greenlight from the European Commission in July.

Read more at Screen Daily.