Industry - Italy
Country Focus: Italy
Culture bill is approved. More incentives for foreign films
- Tax credit up from €110 to €115 million and up to €10 million for foreign films shot in Italy. Satisfaction from ANICA
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:
interview: Paolo Sorrentino
film profile], incentivising collaboration with workers in other countries.”
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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