The tax rebate system, which serves as the basis for the success of Hungary’s film industry, has been secured for another six years, until end-2030, film industry government commissioner Csaba Káel said at a festival and industry forum in Los Angeles.
“In recent years, talented Hungarian film professionals have contributed to several cutting-edge productions that have been awarded Oscars. We celebrate them, the international partners of our film industry, and the film industry tax rebate that has been successful for twenty years, and the fact that the film tax rebate system, the basis for our dynamically growing film industry, has been guaranteed for another six years, until the end of 2030, after its approval by the European Commission,” the National Film Industry quoted Káel as saying in a statement.
The National Film Industry launched the Made in Hungary series of events, which included the film festival and professional forum held in Los Angeles, to celebrate the anniversary of the film industry tax rebate introduced in 2004.
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