Incentive Calculator

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Cash rebateSource: Film in Iceland· Last verified 2026-06-09
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Production details
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Estimated incentive
Researched
ISK 275,000
22.9% of total budget · 25% of qualified spend
Total budget
ISK 1,200,000
Qualified spend
ISK 1,100,000
Base credit
ISK 275,000
Uplift
ISK 0
Line-by-line — why each number is what it is
Director · ISK 150,000ISK 37,500
25% on qualified in-jurisdiction spend · 25% on ISK 150,000
Lead cast · ISK 250,000ISK 62,500
25% on qualified in-jurisdiction spend · 25% on ISK 250,000
Local crew · ISK 400,000ISK 100,000
25% on qualified in-jurisdiction spend · 25% on ISK 400,000
Camera & grip rental · ISK 180,000ISK 45,000
25% on qualified in-jurisdiction spend · 25% on ISK 180,000
Locations & stage · ISK 120,000ISK 30,000
25% on qualified in-jurisdiction spend · 25% on ISK 120,000
Post (out of state) · ISK 100,000—
Does not match this program's qualifying-spend definition.
Uplifts & bonuses
Large-production bonusNot applied
Not applied — condition not met. 35% for larger productions meeting the higher spend and crew thresholds.
From credit to cash

A direct payment from the state after a CPA audit and compliance sign-off. There's no buyer or broker — the headline figure is the cash, paid on the state's timeline.

Gross rebate/grantISK 275,000
Paid after auditISK 275,000

Typical timing: ~9 months after audit/filing.

  • • Researched estimate — confirm exact rates, caps, and qualifying-spend rules with the film office before relying on these numbers.
Every figure is traceable to a named rule above.
This incentive is your first money in.

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This is an estimate, not advice.

Every number here is an estimate generated from published program rules and your inputs. Programs change with each legislative session, and qualification depends on details a calculator can't see. This is not tax, legal, or financial advice. Before you make a financing decision, confirm everything with the state film office and a qualified CPA and entertainment attorney.