close
close

Australia increases incentives for Hollywood filming through location tax credits

Australia has increased its tax breaks for foreign films, especially Hollywood films and television series, shot in the country.

The Australian federal government has passed legislation that increases the 16.5 percent location quota to 30 percent. The almost double location quota applies to local Australian films, but with a catch. Producers must have a production budget of at least 20 million Australian dollars (13.3 million US dollars), or 1.5 million Australian dollars (1 million US dollars) per hour for a television series.

This means that foreign productions, and Hollywood productions in particular, will benefit from the increased location diversity for blockbuster projects as Australia looks to become more competitive with other international countries and attract more projects and jobs to the country.

“This is fantastic news for the industry. The 30 per cent offset will secure international productions, provide a stable flow of work for thousands of Australian filmmakers and companies and trigger investment in new capacity and skills in the industry,” Ausfilm CEO Kate Marks said in a statement on Thursday.

With this balance, the country wants to keep pace with the US, UK, Canada and other major international production centers and attract Hollywood films and television series for local filming.

Recent hits filmed in Australia include Sony Pictures’ romantic comedy Glen Powell and Sydney Sweeney Everyone except youWarner Bros. and Legendary Entertainment Godzilla x Kong: The New EmpireAction comedy with Ryan Gosling and Emily Blunt from Universal Pictures A Colt for all occasions and Disney's Planet of the Apes: Kingdom.

Other films recently shot in Australia include George Miller’s Furiosa: A Max-Max Sagastarring Chris Hemsworth and Anya Taylor-Joy; Thor: Love and Thunder; and the Peacock miniseries adaptation of Liane Moriarty’s Apples never fall.