Hungary Removes Cap on Film Production Incentive, Reopening for Major Projects
The country, a hub for films like 'Dune' and 'Poor Things,' has reopened applications for its 30% tax rebate to provide certainty for producers.
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“Today, we have opened a new chapter in our cooperation with the film industry by lifting the blockage on the tax incentive system that ensures the smooth and predictable operation of the Hungarian film industry.”
Hungary's new government has removed the cap on new registrations for its 30% film production incentive, according to a report from IMDb.
The decision, led by Prime Minister Péter Magyar, reverses a measure introduced last year by the outgoing administration.
What does this mean for filmmakers?
The move is designed to provide stability for the Hungarian film industry, which is one of Europe's largest production hubs. Ervin Nagy, the state secretary for culture, framed the decision as a significant reset in government relations with the sector.
“Today, we have opened a new chapter in our cooperation with the film industry by lifting the blockage on the tax incentive system that ensures the smooth and predictable operation of the Hungarian film industry,” Nagy said. “This decision was made in consultation with industry stakeholders and with the support and trust of the Ministry of Finance.”
Why is Hungary an important filming location?
Hungary has become a go-to destination for major Hollywood productions, offering experienced crews and extensive studio facilities. Recent high-profile projects filmed there include the upcoming "F1: The Movie," Denis Villeneuve's "Dune" films, and the Oscar-winning "Poor Things." It has also hosted series like "The Day of the Jackal."
Sources
Frequently Asked Questions
What is the value of Hungary's film production incentive?
The incentive offers a 30% tax rebate on qualifying production expenditures for films and series shot in the country.
Which recent major films were shot in Hungary?
According to the report, Hungary has recently hosted productions including "F1: The Movie," the "Dune" films, "The Brutalist," "Poor Things," and the series "The Day of the Jackal."
Who announced the decision to lift the cap?
Ervin Nagy, the state secretary for culture, confirmed the government's decision to remove the registration cap on the incentive program.
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