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Reformed Italian Film & TV Tax Credit Will Set $20M Cap For International Projects

13.08.2024 - 09:30

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deadline.com

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EXCLUSIVE: Under the newly-reformed Italian film and TV tax credit, big American productions like The White Lotus may have thought twice before setting up in the European nation.

Deadline can reveal that the new credit will come with an €18M ($19.7M) cap on payouts for international shows and movies. International productions will be eligible for at least a 30% rebate on qualifying spend, which is below the standard 40%.

The move is designed to tip the scales back to local Italian TV and movies, a driving force behind the Giorgia Meloni government’s decision to reform the credit.

Under the previous credit, no such cap existed, but Meloni’s culture ministry has of late spoken of a waste of government resources amid ballooning budgets.

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