The new rebates system ranges from 12.5% for productions of expenditures up to $500,000, 15% for productions from $500,000 to $1m, or 30% rebates for productions spending over $1m.
Qualifying expenditure includes local equipment, supplies and services, local municipal payments, location fees, local crew employment, accomodation, food and local travel.
Carla Foderingham, CEO, Trinidad & Tobago Film Commission, said: 'It is our intention to create a vibrant film industry that will see Trinidad & Tobago become the premier production center of the Caribbean. We are making a late entry as an active film-producing country and, as such, it's a really exciting time for us all. I would implore film makers and location managers in the UK and Europe to consider us for future productions'.
The nation can boast diverse ethnic heritage and architecture and industry services in place include location and talent scouts, editing and post-production services.
Films previously shot in Trinidad & Tobago include 1957's Heaven Knows with Robert Mitchum, 1960's Swiss Family Robinson, 1995's The Phoenix And The Magic Carpet and 2001's Merchant Ivory project The Mystic Masseur.
More information on the new tax scheme can be found at www.filmtnt.com or by calling 1 826 625 FILM.