The Tax Rebate for International Productions (TRIP)
What are the eligible expenses?
The tax rebate amounts to 20% of the following pre-tax expenses:
- wages and compensation for French and European authors, actors, technicians, and laborers and related social contributions.
- Expenses incurred for hiring technical companies and other providers of cinematographic and audiovisual creation services.
- transportation and catering expenses that are incurred strictly for the needs of producing the work.
- depreciation amounts.
Who is granted the tax rebate?
The TRIP is selectively granted by the CNC to the line producer of the work in France who is in charge in compliance with a contract entered into with a foreign production company, of both supplying the artistic and technical means for making the cinematographic or audiovisual work concerned, on one hand, and of managing the material operations for making the work and monitoring its proper execution, on the other hand. The concerned work has to be approved by the CNC.
What are the eligible works?
The tax rebate can be granted to works that have a minimum spending of 1 million Euros of eligible expenses in France and, for a live action work, have at least 5 days of shooting in France. It can total a maximum of € 4 million by work.
The approved works must include elements related to the French culture, heritage, and territory, accordingly to a cultural test specific to each genre (live action or animation).
Note that live-action works are included in the animation genre provided at least 25% of the shots, or on average two and a half shots per minute, are heavily digitally processed (see long form documentation).
When collect the tax rebate?
The approval gives right to the tax rebate at the end of each financial year. If the amount of the tax rebate exceeds the corporate income tax due for the financial year, the difference will be paid by the French State. It is possible to discount the rebate at a financial institution, under certain conditions provided for by the law
What is the starting date for considering eligible expenses?
The date when the CNC receives the application file will be the starting date for taking eligible expenses into consideration.