Per our last alert, we noted that the Greek Government has been successful in attracting international film and TV productions to Greece by paying a cash rebate of 40 per cent of eligible expenses incurred in Greece. Productions with eligible expenses in excess of €8 million may also qualify for the rebate on non-resident labour of up to 50 per cent of total eligible expenses (VAT excluded), up to a €12 million maximum cash rebate amount.
Recent law 4915/2022 simplifies the process by allowing film or TV producers to request that the National Centre for Audiovisual Media and Communication (EKOME) appoint a private professional auditor to review the claim for eligible expenses and supporting documents. This process was previously carried out in-house by EKOME. Law 4915/2022 makes the review and payment process much faster, meaning the cash rebate is paid around six months after the completion of production and/or post-production in Greece.