Things
It is a tax credit recognized to audiovisual production companies in an amount of no less than 15 percent and no more than 40 percent of the overall production cost of television and web works.
Who is it aimed at?
To audiovisual production companies having the following requirements: a) registered office in the European Economic Area; b) being subject to taxation in Italy as a result of their tax residence, or due to the presence of a permanent establishment in Italy, to which the work can be traced back audiovisual to which the benefits are related; c) minimum fully paid-up share capital and a net worth of no less than forty thousand euros, both in the case of companies established in the form of joint-stock companies and in the case of individual production companies or established in the form of companies of people; these limits are reduced to the amount of ten thousand euros in relation to the production of research and training works and short films; d) be different from cultural associations and non-profit foundations; e) be in possession of ATECO J 59.1 classification
What does it predict
The recognition of a tax credit up to a maximum amount of 40% of the eligible costs incurred for the production of an audiovisual work.
