{"id":279768,"date":"2020-07-22T14:05:29","date_gmt":"2020-07-22T11:05:29","guid":{"rendered":"https:\/\/eba.com.ua\/?p=279768"},"modified":"2020-08-04T14:09:39","modified_gmt":"2020-08-04T11:09:39","slug":"ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers","status":"publish","type":"post","link":"https:\/\/eba.com.ua\/en\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/","title":{"rendered":"[:en]Ukraine establishes tax incentives for foreign and local film producers[:]"},"content":{"rendered":"<p><\/p>\n<p>On 21 July 2020, the Ukrainian parliament adopted a law aimed at further promoting film production in Ukraine by granting tax incentives to both local and foreign film producers.<\/p>\n<p>The new law is a long-awaited follow-up to another piece of legislation, which entitles foreign filmmakers to receive a cash rebate (compensation) for production costs incurred in Ukraine in the amount varying between 4.5% and 25% of eligible expenses that include direct production expenses such as employee salaries. The exact amount of the rebate will depend on certain criteria and the type of expenses.<\/p>\n<p>According to the latest available draft, the new law creates the following two tax incentives:<\/p>\n<ul>\n<li>funds received by a local producer as a cash rebate to be transferred to a foreign producer will be exempted from corporate income tax in Ukraine; and<\/li>\n<li>film production services rendered by a Ukrainian producer to a foreign producer will not be subject to VAT in Ukraine.<\/li>\n<\/ul>\n<p>This article is based on the most recently available text of the law, which may differ from the final version. The law is now waiting to be signed by Ukrainian President and it will come into force after official publication.<\/p>\n<p>Read our previous Law-Now reporting on cash rebates for foreign film producers.<\/p>\n<p>For more information on new incentives for shooting films in Ukraine, contact your regular CMS advisor or local CMS experts Olga Belyakova and Viktoriia Stavchuk.<\/p>\n<p><strong><em><u>Authors<\/u><\/em><\/strong><strong><em>:<\/em><\/strong><\/p>\n<p><em>Olga Belyakova, Partner, <\/em><a href=\"mailto:olga.belyakova@cms-cmno.com\"><em>olga.<\/em><em>belyakova@cms-cmno.com<\/em><\/a><\/p>\n<p><em>Viktoriia Stavchuk, <\/em><em>Senior Associate, <\/em><a href=\"mailto:viktoriia.stavchuk@cms-cmno.com\"><em>viktoriia.<\/em><em>stavchuk@cms-cmno.com<\/em><\/a><\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>On 21 July 2020, the Ukrainian parliament adopted a law aimed at further promoting film production in Ukraine by granting tax incentives to both local and foreign film producers. The new law is a long-awaited follow-up to another piece of legislation, which entitles foreign filmmakers to receive a cash rebate (compensation) for production costs incurred [&hellip;]<\/p>\n","protected":false},"author":4489,"featured_media":279771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ukraine establishes tax incentives for foreign and local film producers - European Business Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine establishes tax incentives for foreign and local film producers - European Business Association\" \/>\n<meta property=\"og:description\" content=\"On 21 July 2020, the Ukrainian parliament adopted a law aimed at further promoting film production in Ukraine by granting tax incentives to both local and foreign film producers. The new law is a long-awaited follow-up to another piece of legislation, which entitles foreign filmmakers to receive a cash rebate (compensation) for production costs incurred [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/\" \/>\n<meta property=\"og:site_name\" content=\"European Business Association\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-22T11:05:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-04T11:09:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eba.com.ua\/wp-content\/uploads\/2020\/07\/CMS_1_04082020.png\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Katia Chaikovska\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Katia Chaikovska\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/\",\"url\":\"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/\",\"name\":\"[:en]Ukraine establishes tax incentives for foreign and local film producers[:] - European Business Association\",\"isPartOf\":{\"@id\":\"https:\/\/eba.com.ua\/#website\"},\"datePublished\":\"2020-07-22T11:05:29+00:00\",\"dateModified\":\"2020-08-04T11:09:39+00:00\",\"author\":{\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52\"},\"breadcrumb\":{\"@id\":\"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/eba.com.ua\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ukraine establishes tax incentives for foreign and local film producers\",\"item\":{\"@type\":\"WebPage\",\"name\":\"[:en]Ukraine establishes tax incentives for foreign and local film producers[:]\"}}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/eba.com.ua\/#website\",\"url\":\"https:\/\/eba.com.ua\/\",\"name\":\"European Business Association\",\"description\":\"We are looking for proactive business leaders, who shape the investment climate of Ukraine and ready to supervise the work of the largest and the most influential business-community of Ukraine \u2013 European Business Association!\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/eba.com.ua\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52\",\"name\":\"Katia Chaikovska\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/eba.com.ua\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g\",\"caption\":\"Katia Chaikovska\"},\"url\":\"https:\/\/eba.com.ua\/en\/author\/katia-chaikovska-eba-com-ua\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"[:en]Ukraine establishes tax incentives for foreign and local film producers[:] - European Business Association","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/","og_locale":"en_US","og_type":"article","og_title":"Ukraine establishes tax incentives for foreign and local film producers - European Business Association","og_description":"On 21 July 2020, the Ukrainian parliament adopted a law aimed at further promoting film production in Ukraine by granting tax incentives to both local and foreign film producers. The new law is a long-awaited follow-up to another piece of legislation, which entitles foreign filmmakers to receive a cash rebate (compensation) for production costs incurred [&hellip;]","og_url":"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/","og_site_name":"European Business Association","article_published_time":"2020-07-22T11:05:29+00:00","article_modified_time":"2020-08-04T11:09:39+00:00","og_image":[{"width":400,"height":400,"url":"https:\/\/eba.com.ua\/wp-content\/uploads\/2020\/07\/CMS_1_04082020.png","type":"image\/png"}],"author":"Katia Chaikovska","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Katia Chaikovska","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/","url":"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/","name":"[:en]Ukraine establishes tax incentives for foreign and local film producers[:] - European Business Association","isPartOf":{"@id":"https:\/\/eba.com.ua\/#website"},"datePublished":"2020-07-22T11:05:29+00:00","dateModified":"2020-08-04T11:09:39+00:00","author":{"@id":"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52"},"breadcrumb":{"@id":"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/eba.com.ua\/ukraine-establishes-tax-incentives-for-foreign-and-local-film-producers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/eba.com.ua\/"},{"@type":"ListItem","position":2,"name":"Ukraine establishes tax incentives for foreign and local film producers","item":{"@type":"WebPage","name":"[:en]Ukraine establishes tax incentives for foreign and local film producers[:]"}}]},{"@type":"WebSite","@id":"https:\/\/eba.com.ua\/#website","url":"https:\/\/eba.com.ua\/","name":"European Business Association","description":"We are looking for proactive business leaders, who shape the investment climate of Ukraine and ready to supervise the work of the largest and the most influential business-community of Ukraine \u2013 European Business Association!","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/eba.com.ua\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/eba.com.ua\/#\/schema\/person\/591c0ae4ce3e3490f70325dfb642ac52","name":"Katia Chaikovska","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/eba.com.ua\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/59d91c5da250ea725c3c425585ff46fb?s=96&d=mm&r=g","caption":"Katia Chaikovska"},"url":"https:\/\/eba.com.ua\/en\/author\/katia-chaikovska-eba-com-ua\/"}]}},"_links":{"self":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/279768"}],"collection":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/users\/4489"}],"replies":[{"embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/comments?post=279768"}],"version-history":[{"count":1,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/279768\/revisions"}],"predecessor-version":[{"id":279769,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/279768\/revisions\/279769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/media\/279771"}],"wp:attachment":[{"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/media?parent=279768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/categories?post=279768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eba.com.ua\/en\/wp-json\/wp\/v2\/tags?post=279768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}