Italy has updated its film and TV tax credit with an eye toward boosting its national industry. It will channel more funds into national productions as it introduces a €20M cap on payouts for international projects.

TAX CREDIT
An Italian production company can obtain up to 40% of the eligible costs of the total budget as tax credit for feature films, documentaries, and TV series productions. The minimum qualified expenditure is €250,000.

The tax credit is not automatic: not every project can access it. We offer our expertise in preparing the submission for the ministerial approval process and then managing it.

There are two phases of application: the first one determines if the project is eligible for the tax credit, the second one starts as soon as it is determined that the project can obtain the credit. From when the second phase starts, a year passes before the credit is transferred to the firm.
The PSN Italy team can analyze a project to determine potential eligibility for the credit, processing times, and all the necessary costs.

REGIONAL FUNDS / FILM COMMISSION FUNDS
Each Italian region publishes a fund with specific budgets for films, documentaries, and TV series every year.

Criteria determining eligible costs and the type of assistance vary from region to region and can be either confirmed or modified each year. It is necessary to have the documentation ready at least six months before the application to the fund; therefore, the application needs to be considered long before the starting of the project.

Tell us more about your project so we can help determine how to best take advantage of the incentives now available in Italy!

Portugal offers two distinct forms of an incentive – a Rebate and a Refund – for filmmakers executing projects in the country. Both incentives of 25-30% receive a boost of up to 40% for qualifying expenditures of film and TV projects done in areas of low population density or on the archipelagos of Madeira and Açores.  Our local team can work with producers to determine the extent of local funding made available to international projects.

The Refund for film and TV productions making a minimum qualifying expenditure in Portugal of 2.5M EUR is 30% on the first 2M EUR and 25% on surplus. There is a cap of 6M EUR for feature films and 3M EUR per episode.

The annual budget for the Refund is €20M. It is made available to filmmakers on a first-qualified, first-served basis.

Smaller scope fiction and animation projects with qualified minimum expenditure in Portugal of €500.000 may be eligible for a cash Rebate of 25% to 30%. Documentaries and post-production may also qualify with a minimum expenditure in Portugal of €200.000 for documentaries or post-production.

The Rebate is capped at €1.5M EUR per project. The 2024 Rebate budget is €14M. There is an application period in the spring and another in the fall.

Above-the-line expenditures in an EU territory, such as actors, may also qualify for the Portuguese film incentives.

To encourage filmmaking in Portuguese regions of low population density or on the archipelagos of Madeira and Açores, local expenses such as hotels & accommodation can qualify for an incentive boost up to 40% Rebate or Refund.

A cultural test and the characteristics of the project are taken into consideration for the the Rebate and the Refund. Influential factors include high economic impact in Portugal, expenses made in low density areas, and hiring local actors, technicians, services, and suppliers.

 Call on us for more details on how we can help your project secure this funding.