The main purpose of the increase is to preserve Hungary’s leading position and competitiveness in the European film industry. The Hungarian film support scheme provides significant contribution to the development of the Hungarian film industry and to the country’s GDP.
According to the European Audiovisual Observatory’s 2015 report, film production in Hungary accounted for 0.15 percent of gross domestic product — one of the highest proportions in Europe. The volume of film production spending reached $400m in Hungary in 2017.
“In addition to the tax incentive Hungary’s film industry has highly educated and experienced film crews, a variety of exciting and new film locations and state-of-the-art sound stages. Budapest is the most popular location to shoot films in continental Europe. With the increased tax incentive we aim to strengthen the Hungarian film industry and to preserve our leading position in the international market.” – said Andy Vajna, film commissioner.