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Tax credit drives cinema. Now spectators await

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The turmoil currently animating film productions, and more generally audiovisual productions, has positive repercussions on employment. As the sector insiders point out, all the workers are busy: supply cannot keep up with demand. The figures who work around a set are starting to run out and new professional training paths should be studied.

Credit with more certainties

This dynamism opens up scenarios that can, however, prove to be problematic. Faced with such growth, there is a need to have a system that prevents evasive behavior and at the same time streamline application procedures to give businesses certainty about credit recognition.

Regarding the first question, Nicola Borrelli, head of the cinema and audiovisual directorate general of the Ministry of Culture, explains that «the goal is to have a more effective system. We currently have no evidence of a misuse of the tax credit. Given, however, the increase in requests and the number of companies that come forward, we must have mechanisms that clear the field of any gray area ”.

The incisiveness of controls goes hand in hand with the urgency to give production, especially foreign ones, immediate answers on their requests for access to credit. «The fiscal lever – explains Gian Marco Committeri, partner of the Alonzo Committeri & Partners studio – is a strong incentive, which makes our country attractive thanks also to the uniqueness of the locations, the climate and the quality of the workers. This formula is not, however, magical: what has been set up in recent years is likely to nullify it in a short time. There is a procedural problem: the first tax credit applications arrived in July, but there is still no proof of provisional recognition of the benefit. Without it, the practice cannot be instructed ».

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“Foreign productions – echoes Federico Giuseppini, managing director and partner of Smart consulting – must be given certainty of access to credit within a reasonable time, otherwise they will not come next time”.

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