Financial Incentives for film production in Malta
A useful FAQ document created by the PCP which clarifies the financial incentives in a comprehensive manner is available to PCP clients upon request.
**** UPDATE 1 JAN 2019: The cash rebate is expected to rise to a maximum of 40% in the very near future. The below will be updated accordingly once we receive further confirmation ****
Cash Incentive for filming in Malta
The following is a summary of the incentives offered by Malta. In short, the incentives are in the form of a cash grant given to eligible productions on the qualifying expenditure incurred in Malta. Up to 27% of the eligible expenditure can be obtained as a cash rebate by a qualifying production company once filming is complete. For films which do not portray Malta as Malta or do not have special Maltese cultural content, the highest rebate is 25%.
Feature film and television productions, mini-series, animation and documentaries are all eligible for the incentives, provided that they are at least partially produced in Malta.
A qualifying production is required to present an application to the Malta Film Commission, including a detailed projection of the Malta budget for the production and completion of the Cultural Test as included in the application form. Upon assessment based on specific guidelines and performance in the Cultural Test, the Commission would grant a provisional approval no later than 3 weeks after receipt of the application.
The final approval would be granted upon review of a final application, including audited accounts and a detailed analysis of the production expenditure in Malta, after shooting is completed. The cash rebate is forwarded to a qualifying production no later than 5 months from the date of receipt of the final application.
Qualifying Expenditure
Expenditure incurred during production in Malta on EU services is eligible for a cash rebate, including the following items:
EU below-the-line labour, capped above-the-line labour, accommodation, transportation equipment and hire, location fees, catering services, per diems, leasing of offices, computer equipment, props, property, animals, select equipment, filming equipment, vehicles, and boats. Other qualifying expenditure includes wardrobe rentals, courtesy payments, telecommunications, craft service, laundry and cleaning services and professional services.Contact us for more comprehensive details of the incentive. Above the Line expenditure (Producer, Director, Actors, Stunts and their travel & living) and Heads of Departments are all capped under one ceiling of 200,000 Euros.
More information here: http://www.pcpmalta.com/incentives-increased.html
Fiscal Incentives - The Malta Enterprise Act
Companies or individuals investing in audiovisual infrastructure in Malta can qualify for tax credits of up to 35% of their investment on the islands. The Government of Malta, under various legislative provisions, offers filmmakers the possibility to produce and distribute audiovisual productions from Malta and pay the lowest corporate tax rates in the European
There is also an incentive for foreign company directors/investors setting up a company in Malta whereby the final company tax paid is 5% as opposed to the standard 35%.
If you wish further clarification contact us with your specific questions or to receive our latest FAQ document.
**** UPDATE 1 JAN 2019: The cash rebate is expected to rise to a maximum of 40% in the very near future. The below will be updated accordingly once we receive further confirmation ****
Cash Incentive for filming in Malta
The following is a summary of the incentives offered by Malta. In short, the incentives are in the form of a cash grant given to eligible productions on the qualifying expenditure incurred in Malta. Up to 27% of the eligible expenditure can be obtained as a cash rebate by a qualifying production company once filming is complete. For films which do not portray Malta as Malta or do not have special Maltese cultural content, the highest rebate is 25%.
Feature film and television productions, mini-series, animation and documentaries are all eligible for the incentives, provided that they are at least partially produced in Malta.
A qualifying production is required to present an application to the Malta Film Commission, including a detailed projection of the Malta budget for the production and completion of the Cultural Test as included in the application form. Upon assessment based on specific guidelines and performance in the Cultural Test, the Commission would grant a provisional approval no later than 3 weeks after receipt of the application.
The final approval would be granted upon review of a final application, including audited accounts and a detailed analysis of the production expenditure in Malta, after shooting is completed. The cash rebate is forwarded to a qualifying production no later than 5 months from the date of receipt of the final application.
Qualifying Expenditure
Expenditure incurred during production in Malta on EU services is eligible for a cash rebate, including the following items:
EU below-the-line labour, capped above-the-line labour, accommodation, transportation equipment and hire, location fees, catering services, per diems, leasing of offices, computer equipment, props, property, animals, select equipment, filming equipment, vehicles, and boats. Other qualifying expenditure includes wardrobe rentals, courtesy payments, telecommunications, craft service, laundry and cleaning services and professional services.Contact us for more comprehensive details of the incentive. Above the Line expenditure (Producer, Director, Actors, Stunts and their travel & living) and Heads of Departments are all capped under one ceiling of 200,000 Euros.
More information here: http://www.pcpmalta.com/incentives-increased.html
Fiscal Incentives - The Malta Enterprise Act
Companies or individuals investing in audiovisual infrastructure in Malta can qualify for tax credits of up to 35% of their investment on the islands. The Government of Malta, under various legislative provisions, offers filmmakers the possibility to produce and distribute audiovisual productions from Malta and pay the lowest corporate tax rates in the European
There is also an incentive for foreign company directors/investors setting up a company in Malta whereby the final company tax paid is 5% as opposed to the standard 35%.
If you wish further clarification contact us with your specific questions or to receive our latest FAQ document.