12:06, 2 May 2023
YEREVAN, MAY 2, ARMENPRESS. Member of Parliament Sisak Gabrielyan has authored a bill which seeks to create favorable conditions for filmmakers in filming motion pictures in Armenia.
Gabrielyan’s bill proposes the government to return up to 20% of the expenditures made by film producers.
“Films have budgets, and this budget includes expenditures. We stipulate by law that film producers will receive up to 20% return in case of expenditures which are directly linked with film production,” he said. The list of the products considered directly relating to film production will be envisaged by law.
Gabrielyan said that filmmakers have told him that this law will bring significant growth to filmmaking in Armenia.
“Filmmakers say that the climate and nature in Armenia are one of the best. I also know that there is big interest from India and the US for filming a movie in Armenia,” the MP said.
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Direct link to this article: https://www.armenianclub.com/2023/05/02/film-producers-to-get-up-to-20-return-of-budget-expenses-in-armenia-amid-interest-from-india-and-u-s/
