New Zealand, Film Financing and Television Programming | KPMG | US

New Zealand, Film Financing and Television Programming: A Taxation Guide

New Zealand, Film Financing and Television Programming

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Once called “one of the wonders of the world,” the New Zealand film industry has continued to blossom as a popular filmmaking destination for international film production companies. This has been driven by New Zealand’s remarkable and remote landscapes and the wealth of experience and comparatively cheap costs it can offer. The success of The Lord of the Rings trilogy has been followed by a string of other films, including The Lovely Bones, District 9, Boy, The Hobbit, Tintin, Rise of the Planet of the Apes, and Dawn of the Planet of the Apes.

New Zealand is particularly renowned for its leading post production and digital work. The digital effects in all three of the Lord of the Rings films, King Kong, and Avatar received both Academy Awards and BAFTAs for Best Visual Effects.

The New Zealand government is committed to the continuing development of a vibrant New Zealand film industry and supports the industry through a variety of financial incentives. This includes funding from the New Zealand Film Commission (NZFC); the New Zealand Screen Production Grant (NZSPG), which provides a 20 percent government grant to assist large budget productions that meet certain “New Zealand spend” criteria; and the Post, Digital and Visual Effects Grant. 

New Zealand is now well-positioned to offer a diverse variety of skills and expertise, as well as facilities built to worldwide leading practice specifications. 

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