12.3 C
New York
Friday, December 19, 2025

Colombia Ups 2026 International Productions Tax Credit score Allocation to Document


Following what it referred to as “a file 12 months,” the Colombia Movie Fee at Proimágenes Colombia has unveiled that the Audiovisual Funding Certificates (CINA) price range allocation for tax credit for overseas movie, TV and online game productions has been boosted to COP 350 billion, roughly $90 million. That represents a 49 p.c enhance in comparison with 2025 and the most important quantity within the historical past of the manufacturing incentive.

This 12 months, the CINA allocation was absolutely assigned by September. The rise for 2026 “reaffirms the Colombian authorities’s confidence within the sustained progress of the audiovisual sector and the optimistic impression of this public coverage in attracting worldwide funding,” the group mentioned.

The nation has two tax incentives. One is CINA, which presents “a transferable tax credit score equal to 35 p.c of eligible bills incurred by overseas productions in Colombia on audiovisual and logistical providers,” per the movie fee. The opposite is the Colombia Movie Fund (FFC), which gives “a money rebate of 40 p.c on audiovisual providers and 20 p.c on logistical providers carried out within the nation.” Each incentives are designed to draw audiovisual and online game tasks.

Since its inception, CINA has supported greater than 165 worldwide audiovisual tasks, producing greater than COP 3.4 trillion ($861 million) in funding and creating over 130,000 direct jobs, “establishing Colombia as one of the aggressive manufacturing locations within the area,” in keeping with the Colombia Movie Fee.

This 12 months, 32 tasks had been authorised, “absolutely allocating the out there price range throughout movie, sequence, unscripted codecs, video video games, post-production, and animation,” it mentioned. “These included productions for international platforms, comparable to Netflix, Amazon, and Disney+, in addition to productions led by main worldwide studios, together with Sony Photos and Paramount, alongside worldwide function movies and unbiased productions.”

Mentioned Silvia Echeverri, director of the Colombia Movie Fee at Proimágenes Colombia: “The success of CINA in 2025 demonstrates that Colombia has a stable, dependable and internationally aggressive incentive system. With the 2026 CINA allocation, we’re marking a milestone in our technique to consolidate Colombia as a strategic companion for large-scale audiovisual tasks. This enhance responds to the arrogance of worldwide producers, who’ve present in Colombia extremely certified expertise, highly effective tales, various areas and a sturdy, globally aggressive incentive system,” Worldwide producers have echoed this confidence.”

Matthew Patnick, govt producer of The Evening Supervisor season 2, mentioned: “It was a large determination to return over to Colombia. The tax incentive is so favorable to productions coming right here; it made every thing a lot simpler and had an enormous monetary impression on the present.”

Waiting for 2026, a number of high-profile tasks which have benefitted from CINA are scheduled to premiere, together with season 2 of One Hundred Years of Solitude (Netflix), the second season of The Evening Supervisor (Amazon), starring Tom Hiddleston, in addition to a documentary on Colombian soccer star James Rodríguez (Netflix).

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles