Position Paper: Promoting Mongolia as a Global Destination for Film and Television Production
In any industry, the most attractive and stable terms attract the most investment. This policy paper provides a review of the global regulatory environment surrounding the film and production industry and a set of recommendations that Mongolia’s policy makers should consider putting in place so the world’s top studios will choose Mongolia as the location for their film and television projects.
Summary of key findings:
- In the Asia-Pacific region, tax and financial incentives for global filmmakers and TV producers range between rebates of 15-75 percent, with additional value of 10-30 percent.
- Data suggests that revenue from various U.S. states ranges between $0.11 and $1.90, from feedback effects per dollar of film subsidy claimed. 1
- Mongolia needs to provide much better tax incentives to international filmmakers compared to other countries in the Asia-Pacific region: a minimum of 30-40 percent in rebates, tax credits, and tax shelters, or 5-10 percent in above-the-line incentive schemes would accomplish this.