Foreign Film and Television Production and Post-Production Incentive
The Foreign Film and Television Production and Post-Production Incentive offers:
• Shooting on location in South Africa, the incentive is 20% of the Qualifying South African Production Expenditure (QSAPE) – there is no cap for this incentive
• Shooting on location in South Africa and conducting post-production with a Qualifying SA Post-Production Expenditure (QSAPPE) in SA of R1.5m, the incentive is 22,5% of QSAPE and QSAPPE (an additional 2,5%, cumulative 22,5%)
• Shooting on location in South Africa and conducting post-production with a QSAPPE of R3m and more in South Africa, the incentive is 25% of QSAPE and QSAPPE (an additional 5%, cumulative 25%)
• Foreign post-production with QSAPPE of R1.5m, the incentive is 22,5% of QSAPPE
• Foreign post-production with QSAPPE of R3m and more the incentive is 25% of QSAPPE
Incentives are granted to foreign-owned qualifying productions and South African qualifying post-production work where:
• QSAPE is R12m and more, provided that at least 50% of the principal photography schedule is filmed in South Africa, for a minimum of four weeks
• QSAPPE is R1.5m and more, provided that 100% of the post-production is conducted in South Africa, for a minimum of two weeks
• An applicant must be a Special Purpose Corporate Vehicle (SPCV) incorporated in the Republic of South Africa solely for the purpose of the production and/or post-production of the film or television project
• An applicant must be the entity responsible for all activities involved in the production and/or post-production in South Africa and must have access to full financial information for the whole production and post-production worldwide
• Only one entity per production and/or post-production for film, animation and television drama or documentary series is eligible for the incentive
• The applicant must comply fully with its obligations in terms of the Legal Deposit Act 54 of 1997
• The DTI requires both the SPV and the parent company of the SPV to achieve a minimum level of compliance with regard to Broad-based Black Economic Empowerment (B-BBEE). This is determined in accordance with a points scoring system and is subject to independent verification
• The final application must include a DVD of the final film, including the end-crawl (closing credits)
• The DTI requires a credit in the end-crawl, which must include its official logo
• A feature film must be no less than 90 minutes (including end credits) and a television series may be no more than 13 episodes of one hour each
Should you be interested in applying for the business grant, Dream Team Capital can assist you. Contact us today for professional assistance in streamlining your application for the Foreign Film and Television Production and Post-Production Incentive