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New hungarian “TAX SHELTER”

Year 2004 has marked a monumental reform in the motion picture industry and on the motion picture culture in Hungary by the adoption of Act II of 2004 on Motion Pictures (the "Film Act") which came into force on April 1, 2004. The Film Act not only creates a new legal basis on which producers, distributors and other participants in the Hungarian film industry are able to operate, but it also provides support in planning, preparing, producing and distributing films. The scheme can provide up to 20 % of film production costs incurred in Hungary , let it be inland or foreign production!

 

Read more about the 2004 Film Act>>