As a major boost for the local film industry and economy, the Icelandic government approved in early April, the increase of the tax credit on foreign shoots from 14% to 20%, to make Iceland more competitive with other filming locations.
Producers of film and television programmes can now apply for reimbursement from the Icelandic State Treasury for 20% of their production spend in Iceland. Since the country is a member of the European Economic Area, film and TV projects shot locally can receive European content status.
Examples of larger projects filmed in recent years in Iceland:
- Journey to the Center of the Earth
- Batman Begins
- Die Another Day
- Flags of our Fathers
- Lara Croft: Tomb Raider
- The Amazing Race 6
Read more about the new tax incentive: http://film-in-iceland.org/