To receive 35% refund, a production must fulfil three requirements:
– Costs incurred in Iceland must be a minimum of ISK 350 million.
– The project must have a minimum of 30 working days in Iceland, consisting of shooting days or post-production days. Of the 30 working days, a minimum of 10 shooting days in Iceland is required.
– The number of staff working directly on the project shall be 50 at a minimum. It is a requirement that payments to those 50 employees shall be taxed in Iceland.

For all productions, when more than 80% of the total production costs are incurred in Iceland, the reimbursement is calculated based on the total production cost incurred within the European Economic Area (EEA).