Film tax shelter to be reformed

Summary

Belgium’s tax shelter for film productions, which has been credited for improving the quality of productions and the number of international co-productions, is facing reform

Move will even playing field among producers

After more than a year of lobbying, Belgium’s independent film producers have successfully persuaded the government to move forward and reform the country’s film tax shelter. The proposed reform, which must pass both the Belgian Parliament and European Commission, will restructure the tax shelter and pave the way for an even playing field among local producers. The reform will also increase transparency in the system and cap limits on investors’ recoupment options.

Although the tax reforms will limit the role of investors, it will open the door to increased international co-productions and even to production companies that are not based in Europe. The changes will also prohibit investors from being allowed to financially exploit the films, a gain for filmmakers.

The reforms are expected to pass through both parliament and the commission by the end of this year.

After more than a year of lobbying, Belgium’s independent film producers have successfully persuaded the government to move forward and reform the country’s film tax shelter.

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Flemish cinema

Thanks to a federal tax shelter system, support from the Flemish Audiovisueel Fund and the rise of a new generation of talented filmmakers, Flemish cinema has been riding the crest of a wave since the mid-2000s with distinctly locally flavoured features that have appealed to both crowds and critics.
Loft - With more than one million viewers, Erik Van Looy’s Loft was the most successful movie ever made in Flanders.
Bullhead - In 2012, Michaël R Roskam’s directorial debut Rundskop (Bullhead) was nominated for the Academy Award for Best Foreign Language film.
Names - Well-known current Flemish directors include Erik Van Looy, Jan Verheyen, Michaël R Roskam, Fien Troch and Felix Van Groeningen.
1

in 5 movie tickets sold in Flanders is to see a Flemish movie

226

international festival nominations or prizes in 2012

1 462 160

people went to see a Flemish (co)production in Belgium in 2012