The Israeli government has introduced a new tax break for films and television that would amount to around 45 million shekels ($13 million) over two years.
The discount, which was introduced via a government directive, is worth about 23 million shekels ($6.7 million) in the first year and $22 million ($6.4 million) in the second year.
After two years, it will have to be reviewed and renewed.
It is valid for films or series (including documentary projects) with an investment between 500,000 shekels ($145,000) and 16,600,000 ($4.8 million).
Applications must be made through an Israeli production company and applications will be reviewed by a committee.
Over the past decade or so, Israel’s film and television has exploded internationally, from shows such as “Homeland” and “In Treatment” – adapted from the Israeli series “Hatufim” and “BeTipul” respectively. ” – to such series as “Fauda” and ” Shtisel.
Israeli creative talents have also worked internationally, with Maggie Gyllenhaal’s “The Lost Daughter” produced by Israelis Talia Kleinhendler and Osnat Handelsman-Keren, while “BeTipul” creator Hagai Levi recently adapted “Scenes From a Marriage”, with Oscar Isaac and Jessica Chastain, for HBO.
Today, the country hopes to attract filmmakers to its shores to boost local industry and encourage tourism and investment. “Israel has many advantages in the film industry, including geographical proximity between various landscapes, comfortable weather, unique and historic filming locations, good infrastructure of production facilities and services, efficient service systems, qualified professionals and an available pool of film school alumni. , and can therefore serve as a hub for the production of foreign films and television series,” the directive reads.