European Commission approves continuation of Hungarian film support schemes

By Monika Horvath

The European Commission approved with its resolution as of 16 July 2008 the Hungarian film support schemes until 31 December 2013. Under this scheme, a taxpayer who provides support for film production that complies with certain conditions is entitled to a tax incentive. The maximum amount of support is 20 per cent of the Hungarian expenditure of the film production budget when the Hungarian production costs are 80 per cent or more of the total production budget. On 9 July 2013, Hungary notified the commission on the prolongation of this scheme…

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