Tax credit produzione – Borrelli: “Obiettivo di maggiore equilibrio e sviluppo della competitività delle piccole produzioni”
VENEZIA – Ottimizzazione delle risorse e dei criteri per la concessione del tax credit a sostegno dei talenti e delle produzioni cinematografiche e audiovisive italiane, maggior supporto alle piccole e medie imprese del settore e tutela della creatività dei nostri artisti in materia di utilizzo dell’I.A..
Sono queste alcune delle novità frutto della revisione allo strumento del tax credit produzione presentate nel corso di un evento promosso da DGCA-MiC e accolto dall’Italian Pavilion – coordinato da MiC e Cinecittà – all’Hotel Excelsior a Venezia Lido che si è svolto nell’ambito della 81ma Mostra Internazionale d’Arte Cinematografica di Venezia.
“Rafforzare il sistema produttivo operando una distinzione chiara e regolamentata tra le opere pensate sul mercato e per il mercato e quelle ‘difficili’” – dichiara il Sottosegretario alla Cultura Lucia Borgonzoni – “Sostenere gli artisti e le maestranze italiane, soprattutto i più giovani, tutelando il loro talento da un uso inappropriato delle nuove tecnologiche (come ad esempio l’I.A.), sostendendone lo slancio verso un panorama quanto più internazionale. Il tax credit, ci tengo a precisare, è stato pensato in un’ottica di crescita del comparto e le modifiche apportate vanno nella direzione di limare le storture emerse negli anni e valorizzare le nostre eccellenze per un’industria sana, da oggi ancora più forte”.
“Con il varo della riforma tax credit produzione, il settore riuscirà a ripartire con maggiore slancio”, commenta Nicola Borrelli, Direttore generale Cinema e audiovisivo del MiC, “Le misure introdotte consentono infatti di raggiungere un maggiore equilibrio tra sviluppo competitivo dell’industria e tutela della creatività delle piccole e medie produzioni anche grazie al potenziamento dei contributi selettivi”.
Presentazione DM Tax credit produzione – Venezia, 31 agosto 2024
Production Tax Credit: the key innovations
Data, key measures and directorial norms in the new Production Tax Credit decree
VENICE – Optimization of the resources and criteria for the granting of tax credit in support of Italian cinema and audio-visual talent and productions; greater support for small and medium-sized businesses in the sector; and protection of the creativity of Italian artists with regards to the use of AI. These are some of the innovations resulting from the revision of the production tax credit tool presented during an event promoted by DGCA-MiC and supported by the Italian Pavilion – coordinated by MiC and Cinecittà – at the Hotel Excelsior in Venice Lido which took place at the 81st Venice International Film Festival
“A clear and regulated distinction between works conceived in and for the market, and those that are considered “difficult” to strengthen the production system”, announced Undersecretary for Culture, Lucia Borgonzoni. “Support for Italian artists and craftsmen, especially the youngest; protection of their talent from inappropriate use of new technologies (e.g. AI); support for their progression towards an increasingly international panorama. I would like to point out that the tax credit was designed with a view to growth in the sector and the changes are aimed at smoothing out limitations that have emerged over the years and enhancing our excellent resources to support a healthy industry, one which is even stronger from today”.
“With the rollout of the production tax credit reform, the sector restarts with greater momentum”, commented Nicola Borrelli, Director of the General Directorate of Cinema and Audiovisual. “The new measures allow us to achieve a better balance between the competitive development of the industry and the protection of the creativity of small and medium-sized productions, thanks in part to the increase in selective contributions”.
Production tax credit: the main characteristics
- Requirement to comply with the protocol against harassment and violence in the workplace in the film and audio-visual sector, signed by the most representative employers’ and trade unions;
- Exclusion of above the line costs related to the use of AI in relation to creative and artistic performances. An exception is provided for special effects for main roles;
- For the purposes of calculating tax credit, costs incurred in the European Economic Area up to a maximum percentage of 20% are no longer eligible (except for documentary works and then only in the case of proven artistic and narrative needs);
- Contracted productions are no longer eligible;
- Regarding the provision of services to third parties (services), related costs deriving from the production of individual components of the work are eligible if carried out in Italy, on the condition that the company entrusted with the service has its registered office in Italy and does not in turn sub-contract third parties in the so-called “cascade” modality. The producer must specify the individual services performed by the service in his reports (specifications in the directorial decree).
- Aid intensity limits: For productions referred to in Article 54, paragraph 7, letter a), of Commission Regulation (EU) No. 651/2014 of 17 June 2014, an increase to 60% from 50% of the cost of the audio-visual work, to 100% for co-productions with DAC countries, to 80% for difficult works.
- The tax credit may potentially be used as compensation at 70% on approval of the preliminary request and 30% on approval of the final request (up from 40% / 60%);
- A maximum eligible limit for tax credit was introduced for costs relating to personnel and professional figures:
- the limit is equal to the amount provided for in the CCNL (national work contract), with a maximum increase of 20%, for those contracts signed or renewed after 1 January 2019 by the most representative employers’ and trade unions’ associations. For others, the provision applies from the date of stipulation or renewal date; the maximum eligible limits may be defined with a specific directorial decree in the case of failure to update existing national collective agreements unrenewed after 1 January 2019 within 12 months from the entry into force of the decree, or in the absence of national collective agreements;
- this does not apply to those professional figures for whom specific provision was included in the 2024 budget;
- this also applies to service companies working on the production.
Additional innovations include: the definition of short film has been modified, the maximum length is now 20 minutes, replacing the previous 52; rights relating to the production of subsequent seasons are included in the definition of creative elaboration rights.
