More producers will be attracted by Australia's 12.5 percent tax rebate for foreign filmmakers, said Fox Studios Australia Chief Executive Michael Harvey. The rebate will allow Australia to compete with rivals Canada, the UK, Ireland and the Czech Republic for more US productions, filmmakers say.
New rules introduced last September will let foreigners claim the rebate if 70 percent of a film budgeted between US$8 million and US$27 million is spent in Australia. With a larger budget, filmmakers can claim the rebate no matter how much they spend in Australia.
"We have the talent, financially it's a good place to shoot and now there's an additional incentive," Harvey said.
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