Music tax credit for costs incurred in 2022

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

INCENTIVE STATUS

CLOSED

OPENING DATE

CLOSING DATE

May 15, 2023

July 14, 2023

NOTES

No additional notes

Things

It is a tax relief that is recognized to companies for the costs incurred for the development, production, digitization and promotion of phonographic or videographic musical recordings.

Who is it aimed at?

To companies, existing for at least one year before the request for access to the measure, with the corporate purpose of producing, in a continuous and structural form, phonograms, or the production of musical videograms, the production and organization of live musical shows, in possession of the Ateco code 5920.

What does it predict

The recognition of a tax credit equal to 30% of the costs incurred.

Find out the details

Objective – Purpose

Investment support

Form – Facilitation

Tax relief

Minimum Allowable Expenditure

Maximum Allowable Expenditure

Allowed Costs

Overheads/other charges

Minimum concession that can be granted

Maximum grantable benefit

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-2022-2/