EXCLUSIVE: A landmark 45M shekel ($13M) tax rebate for Israeli TV and film productions passed into law at the very last moment before the government collapsed this week. The rebate, which was first…
and the production sector had long desired a shot in the arm, similar to incentives in places like the UK that has transformed local production.Tzvika Goldman, CEO of the Israeli Producers Association, welcomed the legislation, which arrived “in the 90th minute before the dispersal of the Israeli Parliament” and was the result of the collaboration of five different ministries, he said.
The government’s collapse, however, which could lead to a fifth Israeli election in just three years and pave the way for the return of Benjamin Netanyahu, has stalled Israeli producers’ push for more rights and regulation.l that the IPA had been working on gamechanging legislation that would have, amongst other areas, allowed producers to retain 50% rights to their programs and forced the streamers to commission a certain amount of local content in line with European nations such as France.
That legislation will now have to wait until the new government is formed before being examined again.