Iceland Film Reimbursement
Rate
25-35% reimbursement
Credit Type
Cash Reimbursement
Min. Spend
ISK 50M (~$350K)
Cap
None specified
Project Cap
None specified
Budget Template
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What Films Were Shot in Iceland?
Iceland has attracted major film and television productions with its 25-35% reimbursement cash reimbursement. Notable productions filmed in Iceland include The Day After Tomorrow, The Revenant, Twisters.
How Iceland's Film Reimbursement Works
Iceland provides a cash reimbursement of 25% of production costs incurred in the country, with an enhanced rate of 35% for productions filming outside the greater Reykjavik capital area. The program is administered by the Ministry of Industries and Innovation through Film in Iceland.
Reimbursement Rates
- 25%: Base reimbursement on all qualifying Icelandic production costs
- 35%: Enhanced rate for production work carried out outside the greater Reykjavik area
The minimum qualifying expenditure is ISK 50 million (approximately $350,000). The reimbursement is paid after production wraps and an audit is completed, typically within 60-90 days of submitting final documentation.
Eligible Expenditure
- Wages for Icelandic crew members
- Accommodation and per diem costs in Iceland
- Equipment rental from Icelandic companies
- Location fees and permits
- Post-production services performed in Iceland
Why Productions Choose Iceland
Otherworldly landscapes. Glaciers, volcanic black sand beaches, geothermal springs, waterfalls, and lava fields offer locations found nowhere else on Earth. Productions like Game of Thrones, Interstellar, and Rogue One have all filmed here.
Midnight sun. During summer months, Iceland receives up to 24 hours of daylight, enabling extremely long shooting days.
Experienced crews. Despite its small population, Iceland has a well-trained production workforce accustomed to working with major international productions.
Manage your Icelandic production budget and expenses in one place with Saturation.io.
Iceland Film Reimbursement: Key Facts
- Base rate: 25% reimbursement
- Enhanced rate: 35% outside Reykjavik area
- Min spend: ISK 50M (~$350K)
- Credit type: Cash reimbursement
- Official resource: Film in Iceland









































































































































































































































































































Budget Templates
Applying for the credit?
Use our budget templates to organize qualified expenses into the proper chart of accounts.
Browse TemplatesFilm Office
Film in Iceland / Ministry of Industries and Innovation




