Cinema tax credit: what is going to change?

Following the conference on cinema tax credit, organized by Andersen and sponsored by the Italian Ministry of Arts and Culture, Ciro Serio, lawyer based in Rome office, provided further clarifications on the application of the tax credit for companies operating in the cinema and audiovisual industries.

During the interview conducted by a sector magazine, he analyzed the new opportunities and advantages deriving from the so-called “Cinema Law” and the difference between external and internal tax credit.

The new rules could stimulate independent Italian production. Moreover, the obligation to reimplement the tax credit in audiovisual works will be introduced in order to fund new projects.