By Scott Roxborough
The Hollywood Reporter
July 19, 2011
New initiative capped at $4.2 million per project.
COLOGNE, Germany - The tiny Balkan nation of Croatia has joined Europe's cash back club, passing a new law to give producers a 20% tax rebate on production costs for shoots in country. The tax break will apply to feature films, documentaries, animation and TV drama shot in Croatia and will be capped at $4.2 million (€3 million) per project. A minimum local spend of $422,000 (€300,000) is required to qualify for the scheme and producers can apply for the rebate for up to a maximum of 80% of the overall budget spend in Croatia.