Hungary Restarts 30% Film Production Tax Break After Temporary Freeze
By
Mr Bagel
Hungary has reopened applications for its 30% film production tax incentive scheme after a pause imposed by Prime Minister Viktor Orbán’s government. Culture Minister Ervin Nagy announced the lifting of the blockage, marking what he described as a new chapter in cooperation with the film industry, according to Deadline.
The incentive, originally launched in 2004, was among the first of its kind in Central Europe and has been a key driver for film production in Hungary. The temporary pause had created uncertainty for international and local filmmakers who rely on the rebate to offset production costs, ftwr.cloud noted.
With the programme now resuming, Hungary aims to revitalize its movie industry and attract more international productions. The 30% tax incentive is considered highly competitive in the European market, and the reopening signals a renewed commitment to supporting the sector, according to ftwr.cloud.
Deadline reported that the scheme’s restoration "marks a new chapter in cooperation with the film industry," as stated by Minister Nagy. The move is expected to reassure studios and producers who had paused projects or considered alternative locations during the suspension.
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