The New Zealand screen production industry is subject to special income tax rules under the 2007 Act. This is in line with the Government's efforts to encourage the development of the New Zealand screen production industry.
Key points of the tax treatment of the industry include:
- income from films
- deductions and timing rules in relation to film industry expenditure
- deferred deductions relating to money not at risk
- specific anti-avoidance provisions in relation to films
- an outline of relevant grants from the New Zealand Film Commission.