Hungary filming incentives
Hungary has raised its production tax incentive from 25% to 30%.
The country has hosted numerous major international productions in recent years, including Disney’s Black Widow, Fox’s Red Sparrow, Lionsgate’s Robin Hood, Sony’s Blade Runner 2049 and Will Smith thriller Gemini Man directed by Ang Lee. Independent films include Wash Westmoreland’s Colette, starring Keira Knightley.
The Hungarian National Film Fund submitted the raise to the European Commission who approved the scheme.
The tax incentive is available for film productions, TV, documentaries and animations shooting in Hungary and has been extended until the end of 2024.
Budapest is the most popular location to shoot films in Europe. Film production spending reached $560m in Hungary in 2019.
Former Hungarian film commissioner Andy Vajna said: “In addition to the tax incentive Hungary’s film industry has highly educated and experienced film crews, a variety of exciting and new film locations and state-of-the-art sound stages.”
Production tax incentive
Most popular location in Europe
Film production spending in 2019
of country’s GDP is film production