Korda Studio

The Hungarian financial support system (Motion Picture Act and Corprate Tax Act) has two pillars: indirect state support (tax incentives for films and related projects) and direct state support (for local films or co-productions)

Only feature films, short films, documentaries, science, nature and animated films, made-for-TV movies and TV series are eligible

Tax rebate is 30% (from July of 2018) of the eligible Hungarian spend Eligible spend includes all payments contained in the budget that were paid to a Hungarian taxpayer

• Direct pre/post and production expenses paid by the qualified Hungarian production
• Wages, above- and below-the-line, when paid by the qualified Hungarian production
• Financing costs, and administration, insurance, completion bond, accommodation, etc
• costs Items excluded by the law are
• Indirect costs (eg
• A&P) over 2% of the overall spend (max 17 kEUR)
• Costs incurred after the master print (distribution)
• Royalties are limited to 4% of the Hungarian budget of the film
• Producers’ fees are limited to 4% of the Hungarian budget of the film Up to 25% of the eligible spend can be foreign spend which also qualifies for the 30% (from July of 2018)  tax rebate

Total state subsidies shall not exceed 50% of the production budget, or in case of

• Co-productions 60% (from 2014
• 0625
• ) of the Hungarian contribution in case another European Economic Area member state’s registered film production company participates in the co-production
• Co-productions 100% (from 2014
• 06
• 25) of the Hungarian contribution in case another OECD member state’s registered film production company participates in the co-production
• Low-budget films and films produced in Hungarian language the extent of subsidies is 100% (from 2014
• 06
• Documentaries, animation, shorts, experimental films etc
• 100% The tax rebate is a non-recourse, non-repayable and non-recoupable cash rebate

Advantages of filming in Hungary

Experienced and English speaking professional crew with 12 hours working day shifts and no unions Industry standard equipment (cameras, lights, cranes) Set construction know how The capital city is today a cosmopolitan hub of music, culture and art, full of galleries, theater and opera performances, and various concerts The continental climate provides four full seasons and comfortable summers with up to 16 hours of sunlight Beautiful cities and places with various architectural styles all over the country, including roman ruins, Turkish baths and mosques, medieval castles, ornate palaces, and socialist behemoths

Various shooting possibilities: Budapest can be Amsterdam, Berlin, Buenos Aires, London, Paris, Vienna or Moscow

Directed by Charlotte Brändström Directed by Cate Shortland