Tax Credit

The “Film and audiovisual regulation” Law 220 of 14 November 2016 made the tax credit a more functional tool for domestic and international productions, who may now access significant fiscal benefits when shooting in Italy.

International Productions

  • 40% tax credit of the eligible cost of the production, for a maximum of 20 million euro per year, allocated through an Italian executive producer.

  • Annual tax credit based on production expenses incurred in Italy, up to 80% of the total production cost.

  • Immediate tax credit, available as a monthly tax deduction, paid in Italy through a local executive producer.

  • The tax credit is granted on the 10th of the month, after the following conditions have been met:

    – The work has obtained cultural eligibility.

    – The expenses incurred have been verified.

Our Tax credit is currently under revision and a funding call has now opened and a funding call is now open until January 21st, 2024!

In the meantime a funding call for development and production has now opened with the current rules remaining the same, for works whose production has been completed or are advanced in the production process. A funding call has also opened for foreign audiovisual works shot and/or post-produced in Italy.

Who can apply?

  • Co-production of audiovisual works
    Projects that have completed at least four weeks of shooting or 50% of the scheduled production days, or have planned the shooting shortly and have already signed an agreement with a TV network or a streaming service).
    For more details, click here
  • Foreign productions shot in Italy
    Projects that have completed at least four weeks of shooting or 25% of the scheduled production days, or have planned the shooting shortly and have already signed an agreement with a foreign producer.
    For more details, click here

Funding opportunities

Discover all the funding opportunities available for shooting an audiovisual work in Italy.

And if you want to learn more about a topic, please reach out to our Audiovisual team: audiovisual.usa@ice.it or call +1 (323) 879-0950 (M-F, 9:00 to 17:00h, GMT-8).

The “Film and audiovisual regulation” Law 220 of 14 November 2016 made the tax credit a more functional tool for domestic and international productions, who may now access significant fiscal benefits when shooting in Italy.

International Productions

  • 40% tax credit of the eligible cost of the production, for a maximum of 20 million euro per year, allocated through an Italian executive producer.

  • Annual tax credit based on production expenses incurred in Italy, up to 80% of the total production cost.

  • Immediate tax credit, available as a monthly tax deduction, paid in Italy through a local executive producer.

  • The tax credit is granted on day tenth of the month after the following conditions have been met:

    – The work has obtained cultural eligibility.

    – The expenses have been verified and incurred

Our Tax credit is currently under revision and a funding call has now opened and a funding call is now open until January 21st, 2024!

In the meantime a funding call for development and production has now opened with the current rules remaining the same, for works whose production has been completed or are advanced in the production process. A funding call has also opened for foreign audiovisual works shot and/or post-produced in Italy.

Who can apply?

  • Co-production of audiovisual works
    Projects that have completed at least four weeks of shooting or 50% of the scheduled production days, or have planned the shooting shortly and have already signed an agreement with a TV network or a streaming service.
    For more details, click here
  • Foreign productions shot in Italy
    Projects that have completed at least four weeks of shooting or 25% of the scheduled production days, or have planned the shooting shortly and have already signed an agreement with a foreign producer.
    For more details, click here

Useful link:

Tax Credit for foreign production companies

And for further information please contact: rossella.gaudio@cultura.gov.it

Funding

Discover all the funding opportunities available for shooting an audiovisual work in Italy:

Italyformovies

And if you want to learn more about a topic, please reach out to our Audiovisual team: audiovisual.usa@ice.it or call +1 (323) 879-0950 (M-F, 9:00 to 17:00h, GMT-8).

 

Italian Trade Agency

LOS ANGELES OFFICE
12424 Wilshire Blvd
Suite 1400
Los Angeles CA 90025

T. +1 323 879 0950
losangeles@ice.it

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Italian Trade Agency

LOS ANGELES OFFICE
12424 Wilshire Blvd
Suite 1400
Los Angeles, CA 90025
T. +1 323 879 0950
losangeles@ice.it

Sign Up to our Newsletter