Since the 1920s, film scouts have been traipsing through jungles, over rivers and around islands in the Asia Pacific to find the perfect location to add a bit of tropical spice to their production. Today, thanks to the many countries in Asia Pacific offering generous filming incentives, productions with budgets of all sizes can capture the beauty and splendor of the region. We have put together this quick, easy-to-read list of the best filming incentives in Asia Pacific. We hope you will use it when deciding where to shoot your next project.
Filming Incentives in Asia Pacific
Each country has specific requirements that need to be met to qualify for the incentive programs and many also have an annual cap on the amount of funds to be awarded under their incentive program. You can find more in-depth information about each country’s incentive program more by clicking on the links provided.
75% tax rebate, calculated on Total Fiji Expenditure. The applicant for rebate must meet all the requirements for Film Tax Rebate set out under Regulation 6 of the Fiji Income Tax (Film-making and Audio-Visual Incentives) Regulations 2016.
30% cash rebate on all qualifying Malaysian Production Expenditure (QMPE). At least 30% of the production crew must be residents or citizens.
20% cash rebate of qualified New Zealand production expenditures (QNZPE) and 5% if significant economic benefits to New Zealand (point system) demonstrated.
20% cash rebate of the QPPE capped at 10 Million PHP (approx. 198, 000$)
Up to 20~25% of the total Qualified Production Expense (QPE) in cash pending on the available amount in the program's total budget
15-20% cash rebate on qualified productions
Film Production Rebate
A rebate (or grant) is funds paid to the production company based on the amount of qualifying expenditures, or jobs created in the state or country by the project. The production company does not need to file a tax return for rebates.
Film Refundable Tax Credits
A refundable tax credit is similar in function to a rebate, however, the production company must file a tax return to claim it, and receive a credit for taxes owed. Tax credits can sometimes be used as collateral to obtain a loan so that the production company receives an advance, which is usually discounted.
Film Transferable Tax Credits
A transferable tax credit may be sold or assigned to a local taxpayer. Some states offer transferable tax credits, which allow production companies to sell or get a refund for tax credits that they are not able to use. Many times brokers are used to perform these transactions.
Film Non-Refundable, Non-Transferable Tax Credits
This type of tax credit can be used to offset a production company’s current tax liability, and can be carried forward for a set time, but not transferred to third parties.
The information stated herein is for reference only and based on a source using data as of August 2021. Make sure you consult a qualified tax adviser and professional who is familiar with tax incentive programs to determine the best fit for your project.
Unable to travel to Asia Pacific to produce your project? No problem. Global Media Desk has a simple and easy solution. Send us your brief and we will handle the rest with our local crews on the ground. No need for travel and no need to delay your project. We can get the footage you need with the results you are looking for, anywhere in the world.