Film Development Council of the Philippines (FDCP) has tweaked its incentive schemes for both international co-productions and offshore production, with the latter cash rebate being increased to 25% with the addition of a cultural bonus.
Philippines currently offers a 20% incentive through its Film Location Incentive Program (FLIP), which is now being augmented with the 5% cultural bonus capped at $540,000 (PHP30M).
Eligible formats for FLIP include features, animated and documentary films, TV and streaming series and virtual reality content.
The miniumum qualifying spend to apply for the rebate is PHP20M for feature films and animation, PHP8M for documnetary and PHP3M for short films and each episode of a series of eight episodes or more.
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