South Africa’s Department of Trade & Industry (the dti) has made amendments to its local and foreign film incentives as follows:
AMENDMENTS TO THE FILM GUIDELINES AS AT 14 JUNE 2011
| South African and Co- Production Film Incentive |
Foreign Film Incentive |
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Declaration by the auditor to be submitted with the claim (Form D) |
Declaration by the auditor to be submitted with the claim (Form D) |
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Expanded definition of Connected Parties under the heading “Other connected party fees’ in the Glossary of terms and definitions (Appendix A) of the programme guidelines document. |
Expanded definition of Connected Parties under the heading “Other connected party fees’ in the Glossary of terms and definitions (Appendix A) of the programme guidelines document. |
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The confidentiality clause in paragraph 12 of the application form (Form A) has been expanded to include the words ” and when considered necessary, an independent industry expert’ |
The confidentiality clause in paragraph 12 of the application form (Form A) has been expanded to include the words ” and when considered necessary, an independent industry expert’ |
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The confidentiality clause in paragraph 11 of the application form (Form D) has been expanded to include the words ” and when considered necessary, an independent industry expert’ |
The confidentiality clause in paragraph 11 of the application form (Form D) has been expanded to include the words ” and when considered necessary, an independent industry expert’ |
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In paragraph 2.2.12 of Annexure A ” Procedures to be performed by the registered chartered accountant and auditor’ the following has been included “All deferred costs are excluded from QSAPE’ |
In paragraph 2.2.12 of Annexure A ” Procedures to be performed by the registered chartered accountant and auditor’ the following has been included “All deferred costs are excluded from QSAPE’ |
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The following elements with regard to the milestone payments and completion bonds have been effected (Paragraph 13 of the programme guidelines)
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Not Applicable |
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The words ” Only production costs discharged through the bank account of the SPCV will qualify as QSAPE’ has been added as a last bullet point to paragraph 9.2 of the programme guidelines. |
The words ” Only production costs discharged through the bank account of the SPCV will qualify as QSAPE’ has been added as a last bullet point to paragraph 8.2 of the programme guidelines. |
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“Consultant fees charged by a consultant to prepare the application’ has been included as the second last bullet point to paragraph 9.3 Non Qualifying expenditure of the programme guidelines. |
“Consultant fees charged by a consultant to prepare the application’ has been included as the second last bullet point to paragraph 8.3 Non Qualifying expenditure of the programme guidelines. |
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In paragraph 9.2 of the programme guidelines the following bullet has been added “All expenditure in South Africa for international services that remain in South Africa will therefore qualify as QSAPE |
In paragraph 8.2 of the programme guidelines the following bullet has been added “All expenditure in South Africa for international services that remain in South Africa will therefore qualify as QSAPE |
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The Production Employment matrix in the application form (Form A) and the claim form (Form D) have been amended to include information on employment numbers and total hours worked. |
The Production Employment matrix in the application form (Form A) and the claim form (Form D) have been amended to include information on employment numbers and total hours worked. |
