Film tax shelter to be reformed
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
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.
in 5 movie tickets sold in Flanders is to see a Flemish movie
international festival nominations or prizes in 2012
people went to see a Flemish (co)production in Belgium in 2012