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The Lithuanian Film Tax Incentive records its most impressive figures so far in 2020


The Lithuanian Film Tax Incentive records its most impressive figures so far in 2020
The series
The Truth Will Out, directed by Kristian Petri and Daniel di Grado, which secured €1.1 million through the Lithuanian Film Tax Incentive
According to the latest report released by the Lithuanian Film Centre (LFC), 2020 was an extremely successful and record-breaking year for the Film Tax Incentive, in terms of both investments by companies and the projects that benefited from it. Introduced in 2014, the incentive aimed to create favourable conditions for film and series production, and any company operating in Lithuania can take advantage of it. In practice, when a company donates funds to film producers, this reduces the amount of taxed income and profit tax paid. ....

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