Tax Credits: the application form is available

Starting today 25 June 2018 it is possible to apply for Tax Credits, established by Law n° 220 of 14 November 2016 “Disciplina del cinema e dell’audiovisivo” and governed by the Decree issued by the Ministry for Cultural Heritage and Activities and Tourism on 31 March 2018.

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 production companies 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 investment in film and audiovisual sector.

Applications for funding must be made online via the website www.cinema.beniculturali.it.