A landmark 45M NIS ($13M) tax rebate for Israeli TV and film productions was recently passed into law.
The rebate, which was first introduced in late 2021 and applies for two years after approval, will provide 30% of the budget to shows or films made for a minimum investment of 500,000 NIS ($145,000).
The application for the rebate must be done by the applicant, which is the Israeli production services provider.
The minimum Israeli spending is 500,000 NIS and the maximum accredited expenses is 16,600,000 NIS.
Each project will be ranked by the ranking committee. The ranking of applications will be made according to the following criteria:
40 Points - This section examines the activity of the applicant for assistance (Israeli production services provider), seniority, experience in the field, his financial and financing ability.
20 Points - Experience of the foreign production corporation. This section examines if the foreign production corporation has a proven experience in the production and distribution of movies or series beyond what is required under threshold conditions.
Zero points will be awarded for the experience of 2 movies or series and the maximum score will be given for experience of 6 movies or series.
40 Points - Required program scope. The larger the scope of the requested program, the higher the score. One point will be given to the program for each additional 400,000 NIS, and the maximum score will be given in respect of a plan in the amount of 16,600,000 NIS.