Iceland, Film Financing and Television Programming | KPMG | US

Iceland, Film Financing and Television Programming: A Taxation Guide

Iceland, Film Financing and Television Programming


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Iceland offers film producers a cost-effective film production environment with an international competitive tax environment, including low taxes on business and investment income as well as specific tax incentives, along with the possibility to apply for financial support for film production. The strong devaluation of the Icelandic currency (Króna – ISK) following the global financial crisis in 2008 has made Iceland even more attractive for foreign investors.
The country offers an amazing spectrum of scenery including blue glaciers, glacial lakes, roaring waterfalls and rivers, high mountains and volcanoes, deep emerald-green and black stone valleys, miles-wide pitch-dark deserts and white smoking geothermal areas, dramatic black coast lines and old villages, and there is still much to add.
Many films and television programs filmed entirely or partly in Iceland have been released internationally, such as LazyTown, Journey to the Center of the Earth, Batman Begins, Hostel, Letters from Iwo Jima, Die Another Day, Falcons, It’s Worth Living, Lara Croft: Tomb Raider, No Such Thing, Vikings, Flags of our Fathers, Prometheus, Oblivion, Thor – the Dark World, The Fifth Estate, The Secret Life of Walter Mitty, and Noah. 

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