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Taiwan 🇹🇼
Taiwan offers a range of film incentives to attract international productions, including cash rebates (up to 30%) and co-funding programs
Taiwan offers a range of film incentives to attract international productions, including cash rebates and co-funding programs. Below is a detailed breakdown of the incentives:
1. Taiwan Filming Incentives - Cash Rebates and Co-Funding Programs
Cash Rebate:
Taiwan provides a cash rebate of up to 30% on qualifying production expenses incurred within the country.
Co-Funding Programs:
The Taiwan Creative Content Agency (TAICCA) offers co-funding opportunities for international co-productions through the Taiwan’s International Co-funding Program (TICP).
2. Film Incentives Breakdown
Cash Rebate:
Coverage:
- Up to 30% of total expenses in Taiwan.
Maximum Amount:
- NT$30 million (approximately US$1 million) for motion pictures.
- NT$20 million for television dramas.
Expense Categories:
- 45% for human resources (e.g., hiring local audiovisual professionals).
- 35% for production expenses (e.g., pre-production and post-production costs).
- 20% for transportation, lodging, and insurance expenses.
Co-Funding Programs (TICP):
Support:
- Up to 30% of the total production budget, with a maximum of US$300,000.
Eligibility:
- Projects must involve international co-financing or co-production and secure at least 70% of the total budget.
Taiwan Elements:
- Projects should incorporate Taiwanese elements in creative content or production aspects.
3. Filming Incentives Terms and Conditions
Cash Rebate:
Eligibility:
- Motion pictures directed by foreign directors whose productions have received “Best Director” or “Best Film” awards at major international film festivals (e.g., Cannes, Venice, Berlin, Academy Awards).
- Productions by foreign companies with expenses in Taiwan reaching:
- NT$30 million for films.
- NT$60 million for TV dramas.
Funding Cap:
- Total funding from public sectors in Taiwan shall not exceed 50% of total expenses in Taiwan.
Co-Funding Programs (TICP):
Requirements:
- International distribution agreements (e.g., commercial release, public broadcast, or transmission).
- Incorporation of Taiwanese elements in the project.
Eligible Formats:
- Open to feature films, TV series, animations, and documentaries.
4. Governing Bodies for the Incentives
Cash Rebate:
- Administered by the Bureau of Audiovisual and Music Industry Development (BAMID) under the Ministry of Culture.
Co-Funding Programs (TICP):
- Managed by the Taiwan Creative Content Agency (TAICCA).
5. Filming Incentive Application Process
Cash Rebate:
1. Application Submission:
- Submit an application to BAMID, either directly or through a Taiwan-based production partner.
2. Approval:
- BAMID reviews and approves the application.
3. Production:
- Conduct filming and production activities in Taiwan.
4. Expense Verification:
- Submit original expenditure receipts for approval.
5. Disbursement:
- Receive the funding upon approval of expenses.
Co-Funding Programs (TICP):
1. Eligibility Check:
- Ensure the project meets the criteria for international co-financing, distribution, budget, and Taiwanese elements.
2. Application Submission:
- Prepare and submit the required documents and proposals to TAICCA.
3. Review Process:
- TAICCA evaluates the application based on the project’s merits and alignment with program objectives.
4. Funding Agreement:
- Upon approval, enter into a funding agreement with TAICCA.
5. Project Execution:
- Proceed with production, adhering to the agreed terms and conditions.
For detailed guidelines and application forms, consult the official websites of BAMID and TAICCA or contact them directly for assistance.