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Incentive I

New Zealand - Incentive I

NameNZ - NZSPG - International Productions
URLhttps://www.olffi.com/c/NZNZF01T
FundNew Zealand Film Commission https://www.olffi.com/c/NZNZF
TypeProduction Incentive
ActivityProduction
Project typesFeature Films, TV series, TV single work
Nature of projectFiction, Animation, Documentary
Annual budgetThe programme includes the Post, Digital and Visual Effects (PDV) Grant scheme.
Funding calculation % of QE upto20
Funding calculation infoInternational Productions can access a cash grant of 20% of QNZPE. PDV Productions can access a grant of 20% of QNZPE up to QNZPE of $25 million, and 18% of QNZPE for QNZPE above $25 million. A smaller number of productions may be invited to apply for a 5% Uplift if it is anticipated that they will provide significant additional economic benefits to New Zealand.
Nature of fundingSelective
Who can applyForeign companies registered or with branch office in the country, National Production Company
Who can apply infoSpecial Purpose Vehicle
Other requirementsA smaller number of productions may be invited to apply for a 5% Uplift if it is anticipated that they will provide significant additional economic benefits to New Zealand.
All year roundYes
When to apply infoMust apply no later than six months from completion of the production or if total QNZPE > 50M NZD can submit interim application
RecoupableNot Recoupable
Tax typeCash Grant
Financial supportNational Productions, Coproductions, Foreign Productions, Special Effects
Minimum shooting days infoNo obligation of shooting days in the country
Minimum local spending infoFeature films must incur NZ$15 million or more QNZPE. Television and other non-feature film formats must incur NZ$4 million or more QNZPE. PDV Production must incur NZ$500,000 or more QNZPE.
Individuals paying income tax inNew Zealand
Service companies paying taxes inNew Zealand
Good & Services spent inNew Zealand
OtherQNZPE is generally production expenditure spent by the applicant on: services provided in New Zealand the use of land located in New Zealand goods purchased, hired or leased in New Zealand, provided they are sourced from within New Zealand goods sourced from overseas, provided those goods are not otherwise available in New Zealand, are located in New Zealand during the making of the production and are purchased, hired or leased from a New Zealand Resident who typically supplies that type of good. QNZPE includes fees and expenses of non-New Zealanders who work on the production in New Zealand, provided (in the case of non-cast members) they work on the production for at least 14 days in total. Further details on exclusions to QNZPE are set out in the criteria.

New Zealand - Incentive I

NameNZ - NZSPG - NZ Productions
URLhttps://www.olffi.com/c/NZNZF02T
FundNew Zealand Film Commission https://www.olffi.com/c/NZNZF
TypeProduction Incentive
ActivityProduction
Project typesFeature Films, TV series, TV single work
Nature of projectFiction, Animation, Documentary
Funding calculation % of QE upto40
Funding calculation info40% of QNZPE on up to $15 million QNZPE / Capped at 6M NZD or 20M NZD for productions which satisfy additonal criteria
Qualifying expenses infoQNZPE is generally production expenditure spent by the applicant on: services provided in New Zealand the use of land located in New Zealand goods purchased, hired or leased in New Zealand, provided they are sourced from within New Zealand goods sourced from overseas, provided those goods are not otherwise available in New Zealand, are located in New Zealand during the making of the production and are purchased, hired or leased from a New Zealand Resident who typically supplies that type of good. QNZPE includes the fees and expenses of non-New Zealanders who work on the production in New Zealand, provided (in the case of non-cast members) they work on the production for at least 14 days total.
Nature of fundingAutomatic
Recoupement positionIncome earned by producers from successful production
Recoupement position infoIn return for an Additional Grant, applicants must provide the NZFC with a share of net receipts (including profit) from the production equivalent to 50% of the equity share in the production attributable to the value of the Additional Grant.
Who can applyNational Production Company
Who can apply infoNZ company or partnership with management or control in NZ or majority of shareholders or partners are NZ / Applicant must be a Single Purpose Company
Has cultural testYes
Other requirementsFeature films must have distribution confirmed in New Zealand. Other formats must have a secure confirmed commercial agreement for distribution on an appropriate platform in New Zealand. The scope of distribution in New Zealand must be commensurate with the expected amount of the New Zealand Grant. Feature films must have at least 10% of their budget confirmed by non-New Zealand government sources of funding. The proportion of non-New Zealand government production funding for a television or other non-feature film production must be 25% of the production budget or higher. A television or other non-feature film must have market attachments that comprise 10% or more of the production budget.
All year roundYes
When to apply infoApply within 6 months of completion
RecoupableRecoupable
Tax typeCash Rebate
Financial supportNational Productions, Coproductions
Financial support infoProducer equity
Minimum qualifying expenses infoFeature Film : 2,5M NZD / Single episode programme (unscripted): 250 000 NZD / Scripted: 1M NZD and no less than NZD 800 000 per hour / Series of programmes (unscripted): >= NZD 250 000 per hour / Short animation (single episode or series) NZD 250 000 total and >= NZD 400 000 per hour
Individuals paying income tax inNew Zealand
Service companies paying taxes inNew Zealand
Good & Services spent inNew Zealand

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