Also, the indirect multiplying effect induced in the economy could reach up to around 850-974 m EUR annually, through intensified activity in the tourism, transport and service sectors. In addition, the budgetary impact of such a scheme would be a positive one, generating revenues of 120-130 m EUR annually for the state budget.
The scheme proposed by PwC Romania would be implemented for a period of five years, with an average annual budget of 30 m EUR. This could reimburse 25% of the total eligible costs of an international movie production made in Romania and 50% of the income tax paid in Romania by eligible non-residents individuals.
In May 2016 the Romanian Ministry of Culture announced that the tax incentives system will be launched in Romania by the end of 2016.