Tax credit rules enter into force for film and audiovisual industry

The Ministry published the Decrees implementing the new tax credit on audiovisual provided by Law November 14, 2016, n. 220 (so-called “Cinema Law”) on the Ordinary supplement to the Gazzetta Ufficiale n. 120 of May 25, 2018 – General Series.

This topic was analyzed by Andersen & Legal Italy during a conference held in Rome on March 22nd ,2018 sponsored by the Italian Ministry of Arts and Culture.

The Cinema Law provides resources for € 400 million per year and introduces automatic financing systems with strong incentives for young authors and for those who invest in new theaters and safeguard of historical cinemas.

The tax credit is recognized for executive production and post-production, for cinemas, for audiovisual cinematographic and television distribution and web works (fiction, animation, documentaries) of Italian nationality.

The measure of the tax credit varies depending on the percentage of the eligible costs, from 15% to 50%.

Our experts are available to provide further assistance on the subject.