Starting from November 15 at 10 am and until December 31, 2022 at 11.59 pm tax credit applications can be sent for cinematographic works, tv/web and videoclip productions and research and training.
For what concerns already completed works a final request can immediately be submitted while, for works partially made or works for which 4 weeks or 50% of filming, or working process for animated projects, will start in the following 60 days, only a pre-emptive request can be submitted and then, later, a final request as well.
For 2022 only join-stock companies will have access to the tax credit, in addition, it should be noted that:
1) For tv and web works (both fiction and documentaries) credit is calculated on the 85% of the eligible cost,
2) Final requests can be submitted only after having applied for definitive nationality of the works,
3) Expenses occurred to implement sustainability protocols are also eligible.
In case of submission of the tax credit final request and its approval, duly communicated to the Revenue Agency, total of the approved amount will be recognized. Whereas, in case of submission of the pre-emptive request and its approval, only 40% of the total amount will be recognized, for the other 60% it will be necessary to wait for the approval of the final request.
Requests exceeding the total amount allocated for the past year will also be accepted and, in the event of any deviations in the actual expenditure these will be compensated by the Ministry of Economy and Finance with Fund variations applicable in the next years.
Lastly, as communicated by the DGCA on the 24th of October, prior to submitting the request, the auditor in charge of drafting the certification of effectiveness and assuring the inherence of the project to eligible costs, will have to register on the official DGCOL platform.
For more information, refer to the MiC website.
📸MiC
