Italy offers many different incentives for feature film, TV drama, and series production. Commercial productions are not eligible.
The foreign production company must work through a local production company in order to access these opportunities.
General Tax Credit - Beginning in 2019 there is a tax credit on qualified local expenses of 25-30%. The maximum per project for cinema is 8 million Euros and 10 million Euros for TV drama and series.
The credit can compensate specific taxes (Ires, Irap, Irpef, Iva, NIC). The compensation does not need to be strictly related to a specific production. It can be a credit that the local company uses toward its taxes. To encourage investment in the film industry, there is also a tax credit of 40% for Italian companies outside the industry. Eligibility for both tax credits is subject to approval by the Cinema General Management.
FUS - The government provides direct funding for projects it determines a priority following a study of the script, writer, actors, Italian talent, historical & cultural interest, and more. The evaluation process requires that a project seeking this funding must apply at least one year in advance.
Regional funds/ Film Commission funds - Criteria determining eligible costs and the amount of assistance vary from region to region, but they can be on top of the General Tax Credit. Application at least one year in advance is necessary.
Tell us more about your project so we can help determine how to best take advantage of the incentives available in Italy.
Click here to see the Nike & National Geographic Channel documentary
Client: Nike & National Geographic Channel - Campaign: Breaking 2 - Director: Martin Desmond Roe - DoP: Jessica Young - Market: Worldwide - Production Company: Dirty Robber - Executive Producer: Chris Uetwiller, Jason Puris - Producer: Kathlyn Horan - Production Service: 20 Red Lights - Line Producer: Andrew Sachs - Head of Production: Victor Buhler - Location: Milan, Italy; and Kenya