The Economic Impact of the UK Film Industry - BFI - British Film ...

NAME OF
SCHEME
QUEBEC Quebec
Refundable Tax
Credit (QRTC);
Quebec Prod
Services Tax
Credit (QPSTC).
SASKATCHEWAN Saskatchewan
Film Employment
Tax Credit
(SFETC).
Economic Contribution of the UK Film Industry
TYPE OF TAX
SYSTEM
Source: www.ScreenDaily.com Global Tax Guide; UK Film Council
WHAT IT
SUPPORTS
July 2007
HOW DOES IT WORK?
Tax credits. Production only. QRTC provides credit up to
14,58% of budget (and 19.58% of
eligible French-language
production) up to a maximum of
$1.9m (c$2.19m) per production.
Available to Quebec productions
and co-productions if a minimum
of 75% of the Quebec producer’s
portion of the production costs
are spent in Quebec. QPSTC
available to any production,
regardless of nationality, and
provides a base rate of 20% of
eligible labour expenditures.
Tax credit. Production only. Producers can claim a credit of
up to 45% of total eligible
salaries, not exceeding 50% of
the budget. Available to all
productions – non-Saskatchewan
residents can be deemed SK
residents. Production
incorporates in Saskatchewan,
submits proposed budget and
receives tax certificate from
SaskFilm. On delivery of the
completed film, the incorporated
entity submits the certificate
along with its tax return.
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