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Israel Launches New Tax Rebate to Lure International Television, Film Productions. International TV, Production, New York

Israel Launches New Tax Rebate to Lure International Television, Film Productions. International TV, Production, New York

Israel approved a 25 percent rebate for international TV and film productions with an initial budget of 45 million shekels ($14.5 million) for two years.

The Israeli TV & Film Producers Association has launched a program that is aimed at enticing foreign producers to come shoot in Israel, and is being pushed by the Israeli Finance Minister, as well as the cultural, foreign, economic, tourism and tourism industries.

Israeli TV & Film Producers Association said the rebate program will provide tens of millions of shekels for Israelis and countless jobs in the Israeli economy as a result of the use of services such as flights, hotels, catering, transportation and more.

Among the projects that are going to be directed in Israel by European and US producers, there is no tax incentive for only a handful of international shows and films in recent years. Those are the episodes of the Italian series Million Dollar Race, which hailed Israeli creators, Tzvika Gottlieb said.

In the latest documentary, the sequel to the film "Star Wars" released in Jordan, it is clear that Israel has a lot of potential; no only has the same desert but also has many different landscapes, from desert to snow, to beaches, mountains and of course historical landmarks; and thriving industry, he said.

As far as Israel is concerned, Danna Stern, managing director of Yes Studios, said that the production-distribution company behind such hits as Fauda and Your Honor, is a great step in the right direction: This is a tremendous first step for the Israeli production company that will become broader internationally in attractive locations.

"We have the worlds best creative talent in front and behind the camera - beautiful locations and the best weather," said Stern. "As more producers discover the benefits of physically producing here, the government will allocate more resources to our industry."

In addition to other tax rebate plans around the world, a local producer will need to be hired.

Eitan Mansuri, a leading Israeli producer whose banner Spiro Films produced his Foxtrot and The False Flag among others, said the green light for the rebate plan was a sign that the new government is open to listen and try things and understand now how much opportunity it represents for Israel.

We have talented creators, actors, local crews and a wide variety of locations, but Israel is very expensive and thats how the possibility of coming was hardly as attractive as the neigboring countries, which all launched strong incentives, and we hope this will be able to change many companies, from the smaller European TV series to the huge Hollywood productions.

Mansuri said the one thing that has always been problematic when shooting in Israel was the insurance of a political or civic unrest, but believes the country is facing 'a relatively calm future' in spite of geo-political tensions.

The majority of the Israeli population has now received three vaccine shots and seems to have wrestled the pandemic.

This important step brings together a significant message that focuses on Israel's positive branding in the world as he centers for international films and series, using Israels natural resources and unique and historical sites, said Avigdor Liberman, the Israeli Finance Minister.