Iceland's parliament has approved the Law of 15 June 2022 on amendments to the Act on Temporary Reimbursements for Filmmaking in Iceland, no. 43/1999 (increase in the reimbursement rate). For film and television productions in Iceland, an incentive is provided for the reimbursement of up to 25% of production expenses if certain conditions are met. The Law of 15 June 2022 amends the incentive to provide an increased reimbursement rate of 35% with immediate effect, subject to certain additiona…