Music Tax Credit Notice for costs incurred in 2023, Ministry of Culture

May 29, 2024

FORM FACILITATION

Tax relief

REGIONS

Abruzzo, Basilicata, Calabria, Campania, Emilia-Romagna, Friuli-Venezia Giulia, Lazio, Liguria, Lombardy, Marche, Molise, Piedmont, Puglia, Sardinia, Sicily, Tuscany, Trentino-Alto Adige/Südtirol, Umbria, Valle d'Aosta /Vallée d'Aoste, Veneto

SECTOR

Culture

ALLOWED EXPENSE

0 €

INCENTIVE STATUS

CLOSED

OPENING DATE

CLOSING DATE

January 1, 2024

February 28, 2024

NOTES

Notice of 28 December 2023 Submission of applications via the platform: https://doc.cultura.gov.it/login.php

Things

The incentive includes contributions for the promotion of music.

Who is it aimed at?

It is aimed at companies producing phonograms and musical videograms referred to in article 78 of law 22 April 1941, n. 633. Companies interested in the recognition of the tax benefit and in possession of the requirements referred to in Article 3, paragraph 2, of the aforementioned DI, from 1 January to 28 February 2024 can submit the application online using, within the DGCOL platform , the forms for the recognition of music tax credit.

What does it predict

A tax credit equal to 30% of eligible costs is expected, for costs incurred in 2023.

Find out the details

Objective – Purpose

Investment support

Form – Facilitation

Tax relief

Minimum Allowable Expenditure

0 €

Maximum Allowable Expenditure

75000 €

Allowed Costs

Overheads/other charges

Minimum concession that can be granted

0 €

Maximum grantable benefit

2000000 €

Subject type

Business

Dimension

Large Enterprise, Medium Enterprise, Micro Enterprise, Unclassifiable/classified, Small Enterprise

Activity sector

Culture

ATECO

59.20; 59.20;

Regions

Municipalities

Special territorial scope

Other features

Managing entity

Ministry of Culture

Primary regulatory basis

Urgent provisions for the protection, valorisation and relaunch of cultural assets and activities and tourism

Secondary regulatory basis

Implementation measure

Conversion into law, with amendments, of the legislative decree of 8 August 2013, n. 91, containing urgent provisions for the protection, valorisation and relaunch of cultural assets and activities and tourism

References Official Journal

Incentive allocation

5000000 €

Reference site

https://cinema.cultura.gov.it/avvisi/economia-tax-credit-musica-per-costi-sostenuti-anno-2022-3/