Best film rebate around the world?
Mauritius Unleashes Dual Incentives Film Tax Rebate & Up to 40 % Cash Back.
The government of Mauritius established itself as a Leading Country for Film Production with its newly introduced Double Deduction Film Tax rebate and an existing Cash Film Rebate of up to 40%.
The Mauritian government introduced the Film Tax Rebate, complementing the existing Cash Film Rebate solidifying its position as a premier destination for movie production.
Mauritius, 2nd June 2023 – In a significant move to bolster its reputation as a global leader in film production, the Government of Mauritius has unveiled the Film Tax Rebate initiative, enhancing the country’s existing incentives for filmmakers. This new development, in conjunction with the established Cash Film Rebate program, reinforces Mauritius as a premier destination for local and international movie production.
Under the Film Tax Rebate, local companies participating in the financing, sponsorship, marketing, and/or distribution of an approved film project will be eligible for a double deduction of expenditure, amounting to 200% of their investment. This groundbreaking tax relief scheme aims to attract more companies to invest in the Mauritian film industry while promoting the production of high-quality films within the country. Furthermore, the approved film projects must be produced at least 90% in Mauritius, encouraging collaborations between local and international filmmakers.
The Film Tax Rebate builds upon the existing Cash Film Rebate program, which has been instrumental in attracting international productions to Mauritius. Filmmakers can receive up to a 40% cash rebate on qualifying production expenses in Mauritius, with a straight 40% rebate if 90% of the film is shot in Mauritius. This cash incentive, coupled with the new Film Tax Rebate, positions Mauritius as a leading country for movie production by providing an appealing financial environment for filmmakers.
“By combining the Film Tax Rebate with the Cash Film Rebate, we are sending a clear message to the global film industry that Mauritius is committed to supporting and nurturing creativity,” said Minister Renganaden Padayachy. “Our aim is to provide a comprehensive package of incentives that enables filmmakers to choose Mauritius as their preferred filming destination.”
The Cash Film Rebate, introduced earlier, has proven to be a game-changer for the Mauritian film industry. Its success lies in the financial support it offers to filmmakers, allowing them to offset a significant portion of their production costs. The rebate, which can reach up to 40% of qualifying expenses, has attracted a wide range of international productions to Mauritius, contributing to the growth of the local film ecosystem.
With the addition of the Film Tax Rebate, the Mauritian government is demonstrating its commitment to staying at the forefront of the film industry and adapting to changing trends. The initiative acknowledges the evolving landscape of film distribution, encompassing projects intended for theatrical release as well as media streaming. By embracing these developments, Mauritius solidifies its position as a forward-thinking hub for film production.
The introduction of the Film Tax Rebate and the continuation of the Cash Film Rebate have been applauded by industry experts and stakeholders. The combined incentives are expected to generate increased interest and investment in the Mauritian film industry, attracting both local and international talent to the vibrant and diverse landscapes the country has to offer.
Furthermore, the government’s commitment to nurturing the film industry extends beyond financial incentives. The local workforce has been a crucial component of the success of the Mauritian film sector, and efforts are being made to provide training and skills development programs to empower local talent and facilitate collaborations with international filmmakers.
With the Film Tax Rebate and Cash Film Rebate programs working hand in hand, the Government of Mauritius is solidifying its position as a leading country for film production. The incentives provided demonstrate the government’s determination to create an environment that supports and stimulates the growth of the local film industry, fostering economic development, employment opportunities, and cultural exchange.