UKRAINE INTRODUCES CASH REBATES AND NEW CONTENT PRODUCTION SUPPORT SCHEME

On March 23 Ukrainian parliament has finally adopted the long-awaited law ‘On the State Support of the Cinematography in Ukraine’. New legislation will allow foreign producers to get a payback up to 16.6% production costs spent on the territory of Ukraine due to new cash rebate system. Moreover, it is planned that foreign producers will be able to receive additional 10% payback from the labour-production costs in Kyiv and Sevastopol and 4.5% payback – on the rest territory of Ukraine.

On the local level, state support for a movie could be granted to all legal bodies regardless of ownership type – state, private, corporate, etc. Features and animation films could get up to 80% of the budget from state support. TV – up to 50% of the budget. Documentaries, educational and children programs could be 100% funded by the state. 

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