Brazil, Film Financing and Television Programming: A Taxation Guide

Brazil, Film Financing and Television Programming

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Since 1994, with the issuance of Plano Real, Brazil has enjoyed a degree of economic stability with a broad basis for the industry´s growth. Brazil has produced many critically acclaimed films in recent years. Notable successes include O Quatrilho, Four Days in September, Central do Brazil, and Elite Squad, which received an Oscar nomination in the best foreign language film category, won the best film award at the Berlin Film Festival, won a Golden Globe award for best foreign language film, and won the best film award at the International Berlin Film Festival, respectively. Last but not least, City of God, received four Oscar nominations (directing, cinematography, film editing, and writing (adapted screenplay). 

There are also successful co-productions between Brazil and other foreign partners, such as Rio – the Movie (with the United States, directed by Carlos Saldanha from The Ice Age) and Waste Land (with United Kingdom, which received an Oscar nomination for Best Documentary Feature and won the Audience Award for World Documentary at the Sundance Film Festival). 

The Brazilian government considers film production an important industry, and, as a result, a series of incentives to promote the local production of films and their distribution both locally and abroad have been introduced during the last few years. The growth of the film industry in Brazil can be illustrated by the number of national film festivals and events promoted by ANCINE (Brazilian Agency of Cinema) as well as by national hubs for the development of the cinema industry. 

Paulínia and Gramado are the main examples of cities involved in foment initiatives focused on the cinema industry. Paulínia (located in the State of São Paulo) is a Cinematographic Hub and has hosted a local Film Festival since 2008. Gramado (located in the State of Rio Grande do Sul) has hosted a renowned film festival annually since 1969, in which foreign productions may participate in a separated category for foreign full length films. Many other cities in Brazil also promote their own film festivals, such as Rio de Janeiro, which hosts Rio’s Festival and Anima Mundi (Brazilian International Animated Film Festival). 

Brazil has been encouraging filmmaking for many years. Last year, the Federal governmentissued “Screen Quota” (Decree 7.414), an initiative to foment national film production that imposes a minimum quota of films produced in Brazil to be regularly displayed in local movie theaters. This initiative may also be extended to international co-productions duly approved by ANCINE.

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