Directorial decree 28/08/2020 n.2200, emanated by the Direzione Generale Cinema e Audiovisivo del MiBACT granted tax credits for a total of over €2.6 million to six foreign projects: The Art of Racing in the Rain and Disco, with Cattleya’s executive production; Que Hicimos Mal, 9.99 Films’ executive production; The Burnt Orange Heresy and Made in Italy, both Indiana Production.
Tax credits for attracting investments in film and audiovisual products to Italy — law n° 220/2016 are reserved for Italian executive production companies that make films or parts of films in Italy on the behalf of foreign production companies.
In recent years, numerous international productions have benefitted from foreign tax credits. These include, for example, the Sky Original TV series Domina, at just under €6 million, produced by Fifty Fathoms and Sky Studios and executive production by Cattleya. Due for imminent release, the series focusses on the power struggles in ancient Rome from the women’s point of view and was shot in Cinecittà Studios. Tax credit was also granted to Michael Bay’s Six Underground, a Netflix production starring Ryan Reynolds, with a cost of €150 million that shot in California, United Arab Emirates and various Italian cities including Florence, Siena, Taranto and Rome. In addition, Matthew Vaughn’s The King’s Man, prequel and third film in the saga based on the comic book, The Secret Service by Mark Millar and Dave Gibbon and one of the most highly anticipated releases for next year, benefitted from foreign tax credit to the tune of approx. €2.3 million. After a starting in London, shooting continued in various locations around Turin, including Lungo Po Diaz and the Reggia di Venaria Reale which stood in for Sarajevo at the time of the Archduke Franz Ferdinand.