<p>India is particularly on the radar of Israel, it being the world’s largest producer of films, with its filmmakers itching to shoot films in newer and newer locations. <br /><br />The new law, approved by the Israeli Knesset, will lead to tax benefits of up to 20 per cent on goods and services purchased within the country.<br /><br />Though this benefit will accrue to Israeli production companies only, it could see India-Israel co-productions as the former are expected to pass on these benefits to the foreign production companies. <br /><br />The law recognises two models, with the first model dealing with productions by foreign filmmakers retaining the services of an Israeli company and the second envisaging films with Israeli co-producers.</p>
<p>India is particularly on the radar of Israel, it being the world’s largest producer of films, with its filmmakers itching to shoot films in newer and newer locations. <br /><br />The new law, approved by the Israeli Knesset, will lead to tax benefits of up to 20 per cent on goods and services purchased within the country.<br /><br />Though this benefit will accrue to Israeli production companies only, it could see India-Israel co-productions as the former are expected to pass on these benefits to the foreign production companies. <br /><br />The law recognises two models, with the first model dealing with productions by foreign filmmakers retaining the services of an Israeli company and the second envisaging films with Israeli co-producers.</p>
