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INDUSTRY Italy

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Culture bill is approved. More incentives for foreign films

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- Tax credit up from €110 to €115 million and up to €10 million for foreign films shot in Italy. Satisfaction from ANICA

Culture bill is approved. More incentives for foreign films

The Italian government approved the culture bill on May 22. “We finally have a serious and trustworthy interlocutor,” the president of ANICA, Riccardo Tozzi, declared.

“We can only be satisfied with the increase in numbers given towards tax credit, from €110 to €115 million and the increase up to €10 million for tax credits destined for individual foreign films. It is a policy that – beyond bringing large international productions to Italy, with the consequent result of raising our international image – will also help Italian cinema in the year of The Great Beauty [+see also:
film review
trailer
film focus
interview: Paolo Sorrentino
festival scope
film profile
]
, incentivising collaboration with workers in other countries.”

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According to the ANICA president, “Minister Dario Franceschini has declared in various sets of circumstances that for him - culture, cinema and the audiovisual industries are part of this country’s richness. The bill shows us he truly believes this.”

(Translated from Italian)

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