Finland 🇫🇮

Finland offers a 25% cash rebate as a production incentive to attract audiovisual projects, including feature films, documentaries, serial fiction, and animation productions.

1. Finland Film Tax Incentive

Cash Rebate:

• A reimbursement of up to 25% on eligible production costs incurred in Finland.

2. Detailed Breakdown of the Cash Rebate

Rebate Percentage:

• Up to 25% of qualifying production expenses.

Eligible Costs:

• Purchases of goods and services, and rental of equipment and facilities from Finnish tax-liable companies.
• Salaries subject to withholding tax, paid to employees liable to pay income tax in Finland.

Annual Budget:

€12 million allocated for 2024.

3. Finland Cash Rebate Terms and Conditions

Eligible Applicants:

• Finnish or foreign production companies.
• Other audiovisual companies selected to produce the project.

Ineligible Applicants:

• Government, municipal, or parish authorities or institutions.
• Companies where the State holds a majority stake.
• Sole proprietorships.

Project Requirements:

• The project must start within 12 months of the funding decision regarding costs incurred in Finland.
• Eligible costs incurred in Finland can be a maximum of 80% of the total production budget.

Ineligible Productions:

• Commercials or promotional products.
• Document series.
• Non-scripted series (e.g., reality shows or talk shows).
• Music videos or recordings of musical events.
• Entertainment or sports events and their recordings.
• Training videos.
• Productions where public funding exceeds 50% of costs generated in Finland.

4. Governing Body for the Incentive

Business Finland:

Administers the production incentive program.

5. Process/Outline of Applying or Being Eligible for the Incentive

1. Preparation:

• Ensure the project meets the eligibility criteria.
• Prepare necessary documentation, including a detailed budget and production plan.

2. Application Submission:

• Submit the application through Business Finland’s online service.
• Applications are accepted on a first-come, first-served basis starting January 2, 2024, at 8:15 a.m. EET.

3. Evaluation:

• Business Finland reviews the application and required documentation.

4. Decision:

• A funding decision is made within 40 days.

5. Production:

• Proceed with production, ensuring compliance with the terms and conditions.

6. Reporting and Rebate Disbursement:

• Submit a report, cost statement, cost breakdown, and auditor’s report to Business Finland by the deadline.
• Upon approval, the rebate is disbursed based on actual costs.

For detailed guidelines and assistance, consult Business Finland’s official website or contact them directly.