TALLINN: Lithuania will increase its film tax incentives to 30% in 2019, up from the current 20%, for a five-year period.
During a special presentation at Industry@Tallinn & Baltic Event, Rolandas Kvietkauskas, director of the Lithuanian Film Centre, presented the results and future outlook of the government’s tax incentive for film production in Lithuania.
The Lithuanian Film Centre's study covering the results of the period 2014–2017 shows that the period was exceptionally prolific in both national film productions and international coproductions, and brought significant benefits for the national film industry and the economy.
The Lithuanian film tax incentive introduced in 2014, has been an effective film industry development tool for production services, a financial resource for international coproductions and national genre films as well as TV drama. In addition to international interest in Lithuania, domestic films have been experiencing unprecedented local box office success, with three Lithuanian films in the top ten over the 23-25 November 2018 weekend.