Results of Lithuanian Film Tax Incentive
Implemented in 2014, the Lithuanian Film Tax Incentive covers up to 30% of the production budget, the scheme will be effective in its current form until 31 December 2023.
Since 2014, 286 productions have benefited from the Lithuanian Film Tax Incentive by getting a total of €50,77 million in investment for film production, Meanwhile, international production expenses in the country this year reached a total of 141 million.
The scheme was used by:
- 72 foreign films;
- 70 co-productions;
- 144 national films.
Investments for film production were granted by 228 local companies in amounts ranging from 1000 to over 1.6 million euros. This year lithuanian business companies invested more than 15 million euros through this scheme.
Results of 2021
2014 – 2021 results
Breakdown of Lithuanian companies’ investment in film production by each year:
In 2018, a study of Lithuanian Film Tax Incentive’s economic impact was conducted. The study can be found here: KEA Evaluation of the fiscal incentive scheme for film production in lithuania