Financial incentives

South Africa has two financial incentives - the Department of Trade & Industry (DTI) Incentive and the South African Revenue Services' (SARS) Section 24F.

The DTI's Location Film and Television Production Incentive is only available to foreign-owned productions with Qualifying South African Production Expenditure (QSAPE) of R12m and above. It provides a rebate of 15% of the QSAPE to qualifying productions in the following formats: feature films, telemovies, television drama series, documentaries, animation and short form animations.

The DTI's South African Film and Television Production Incentive is available to official treaty co-productions and South African productions with a total production budget of R2.5m and above. It provides a rebate of 35% for the first R6m, and 25% for the remainder of the qualifying production expenditure. The following formats are eligible: feature films, telemovies, television drama series, documentaries, animation and short form animations. The value of the rebate for any qualifying production is capped at a maximum of R10m.

For more information log on to www.thedti.gov.za/film/filmincentive.htm

Films that have received DTI funding to date include:

Invictus, Bush Station, Necklace, Spoon, White Lion, Killing Robin, Number 10, Prey, Jozi H, Faith's Corner, Dollars and White Pipes, U-Carmen eKhayelitsha, Wah-Wah, The Flier, Tsotsi, Safari, Generation Kill, Life is Wild, Flashbacks of a Fool, The Deal, 10,000 BC, Doomsday, Wild at Heart 2, Blood Diamond, Primeval, The Avengers, Three Investigators, Catch a Fire, Return to King Solomon's Mines, The Triable, Heaven, Endless Horizon, The Breed, Lord of War, To The Ends of the Earth, Ask The Dust, Poseidon Adventure, Supernova.

The South African Revenue Service's (SARS) 24F Tax Incentive is aimed at high net worth individuals and corporates as a way of reducing their tax liability when investing in film.

For more information about the taxation of film owners in South Africa log onto www.sars.gov.za

Co-production treaties

South Africa has co-production treaties with Canada, the UK, Germany and Italy. The parastatal South African film body that administers co-production treaties is the National Film and Video Foundation (NFVF). For guidelines on how to make an application for a treaty co-production log onto www.nfvf.co.za.

Memoranda of Understanding (MoUs) exist with the National Development Corporation of India, France’s Centre National de la Cinematographie and the Swedish Film Institute.

View online:  http://www.screenafrica.com/page/guides/630735-Incentives-For-Filming-In-SA

 

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