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Tax incentive laws (Federal, States, Cities) National Film Industry Funds (Funcines) Audiovisual Sector Fund (FSA) Inovation Fund Direct support through the funding of ANCINE and the Ministry of Culture (Public Selections) Procult BNDES
TAX INCENTIVES Private and State-owned companies established in Brazil, as well as individual taxpayers, are allowed to invest part of their income tax obligations in the production of Brazilian films. Tax incentives can also be invested in independent TV productions; film development and distribution; technical infra-structure; film theaters; and film festivals.
TAX INCENTIVES
To qualify, the companies responsible for the projects must apply to ANCINE on each specific project. If the application is approved, ANCINE will follow up the project and ensure that the money allocated through tax incentives is spent properly.
Article 3 Article 3 allows distribution companies (US majors included) to obtain a 70% tax deduction if they invest the equivalent amount in the production of independent Brazilian feature films, TV films or series.
Main Investors of Art. 3 (2009) DISNEY (17,8%) FOX (17,4%) UNIVERSAL (15,0%) PARAMOUNT (9,8%) SONY/COLUMBIA (8,9%) FREEWAY ENTERTAINMENT (8,8%) WARNER (7,6%)
WEIGHT OF EACH TAX INCENTIVE (Jan/2005 - Jun/2010) Art.1 Law 8.685/93 (29,7%) Art.3 Law 8.685/93 (25,8%) Art.1-A Law 8.685/93 (19,1%) Law 8.313/91 (13,3%) Art. 39 MP 2.228/01 (9,3%) FUNCINES (2,0%) Art. 3-A Lei 8.685/93 (0,9%) Source: ANCINE
FUNDS National Film Industry Funds (Funcines) Private Audiovisual Sector Fund (FSA) - Public
INTERNATIONAL CO-PRODUCTIONS