Behind the LensIceland

Filming Incentive · Country

Iceland film tax incentive

Iceland offers 25-35% reimbursement as a cash reimbursement, with a minimum qualifying spend of ISK 50M (~$350K). That ranks #38 of 79 jurisdictions in this directory by base rate.

Rate
25-35% reimbursement
Base / ceiling
25% / 35%
Credit type
Cash Reimbursement
Min. spend
ISK 50M (~$350K)
Rank by base rate
#38 of 79

Checked against official sources 23 July 2026

Estimate the credit

Apply the published rate to your qualifying spend.

Estimated credit

ISK 250,000 – ISK 350,000

25% base, up to 35% with uplifts of ISK 1,000,000

A starting point, not a bankable figure. The low end is the rate a production can count on; the high end needs every uplift stacked. It does not model tiers, per-project or annual caps, above- and below-the-line splits, or residency rules. Confirm the number that applies to your production with the film office.

Program detail

  • A 25% reimbursement on eligible production costs is the baseline, open to feature films, TV series, and documentaries incurring costs in Iceland.
  • 35% is available to larger productions meeting all conditions: at least 30 working days in Iceland of which at least 10 are shooting days, and at least 50 crew working a minimum of 50 days with salaries and contractor payments taxed in Iceland.
  • Children's and youth content, made for audiences aged 18 and under, automatically qualifies for the 35% rate.

Sources

Incentive terms change with legislation. Verify current rates, caps, and eligibility with the film office before committing a budget. Last checked 2026-07-23.

How Iceland compares

Other countries in this directory, ranked by base rate.

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Film offices in Iceland

The office that handles productions here.

See these offices on the map

Film in Iceland (Business Iceland)

Reykjavik, Capital Region

Official incentive page
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