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Morocco Approves 20% Cash Rebate For Foreign Shoots | Variety
Morocco is expanding incentives for film and television production in the country, making it an even more desirable location for foreign filming:
Less than a week after the 15th Marrakech Film Festival, Morocco’s parliament has approved a new 2016 Finance Law that includes a new 20% cash rebate scheme for foreign shoots.
The final text will enter into force on March 31. The new Moroccan cashback mechanism offers a 20% cash rebate on all eligible spend in Morocco, provided that there is at least 10 million Moroccan dirham ($1 million) of eligible expenditure in Morocco and at least 18 days work – including set-building and/or the shoot. Given this, a production with only a six-day shoot but which also involves 12 days of set building can still qualify. General pre-production activity, such as location scouting, does not count for qualification.
Sarim Fassi Fihri, the president of the Moroccan Cinema Center (CCM) who has lobbied for this new scheme since taking office in late 2014, told Variety he was “delighted” by the parliament’s decision to adopt his proposal…[FULL STORY]