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Tax Credits for companies that do not belong to the film and audiovisual sector — Law n° 220/2016 (article 20)

Session expirations:

  • 31.12.2022 Closed
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Description

Law n° 220 of 14 November 2016 'Disciplina del cinema e dell'audiovisivo' establishes the 'Film and Audiovisual Fund' aimed at funding works through tax credits, automatic contribution and selective contributions. 

The law recognises six types of tax credits:

  • Tax credits for production companies (article 15);
  • Tax credits for distribution companies (article 16);
  • Tax credits for film exhibitors, technical industries and post-production companies (article 17);
  • Tax credits for strengthening the film supply (article 18);
  • Tax credits for attracting investments in film and audiovisual products to Italy (article 19);
  • Tax credits for companies that do not belong to the film and audiovisual sector (article 20).

Tax credits for companies that do not operate in the sector allow companies to offset tax liabilities (IRES – corporate income tax, IRPEF – income tax, IRAP – regional income tax, VAT, social security and insurance contributions) with credits accrued following an investment in the production and distribution in Italy and abroad of Italian film and audiovisual works.

Contacts

Link to the call Print Tab

Data sheet

Production

  • Italian Film or co-production

Distribution channel

  • Cinema

Film industry branch

  • Production

Budget

  • €10,000,000

Eligible projects

  • Feature Film

Beneficiaries

  • Companies operating outside the film industry

Type of contribution

  • Tax credit

Tax credit rate

    Companies operating outside the film and audiovisual sector are eligible for tax credits equal to 30% of investments made in the production of feature films up to the annual maximum of €1,000,000 per company and €2,000,000 per group of companies (this will be reduced to 20% starting from 1 January 2020).

    The rate increases to 40% for works that have been granted selective support.

Requirements

  • Italian nationality must be requested

The work must meet cultural eligibility requirements.

The amounts granted to companies not operating in the sector must not exceed 70% of the investment for feature films (60% for works that have been granted selective support).

The preliminary application must be submitted to DGCA: no earlier than 30 days after the registration of the production partnership contracts concluded with Italian independent producers.

The final application must be submitted to DGCA no earlier than 180 days after obtaining authorisation for public screening.

Payment schedule

  • Within 60 days of receiving the preliminary application, and after checking the availability of funds, DGCA will inform applicants as to whether or not their works meet cultural eligibility requirements.
  • Within 60 days of receiving the final application, and after checking the availability of funds, DGCA will inform companies operating outside the film and audiovisual sector of the amount of they credit they have been granted.

Notes

Tax credits for companies not operating in the sector are non-transferable.

Fundings in focus

All fundings