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Latvia raises cash rebates

National cash rebate rises to €996,010 for 2015 and €1,245,013 for 2016.

Building on the success of its tax incentives, the National Film Centre of Latvia has announced it is raising its national cash rebate.

It will see the rebate rise to €996,010 for 2015 and €1,245,013 for 2016, while there has also been an additional call for this year of €135,097 in cash rebates.

Latvian producers can apply for the latter on behalf of their international production partners by June 10, with the production costs having to be spent before Nov 15.

The new round of financing opportunities was announced by Dita Rietuma [pictured], a former editor in chief of Latvia’s cultural newspaper Diena, who has been heading the National Film Centre of Latvia since May 1.

Rietuma commented: “I’m so glad that we are able to build on our successful cash rebates for international co-productions, which is good news for local producers as well and helps keep the momentum we’re enjoying right now.”

As the host of this year’s European Film Academy awards on Dec 12, Latvia has arrived on the Croisette this year with an increased budget, new initiatives and a new leadership, all aim at maximising its presence in the international spotlight when the European press and industry arrive in Riga for the awards.

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