The tax credit at 40%.

The tax credit must run through an Italian Production Service Company (IPSC).

Projects must pass the cultural test.

IPSC (including the group of companies) has a cap of €20.000.000 per year for features and audiovisual combined.

ATL costs are capped at 30% of the total cost of production.

Overall Italian spent cannot be more than 80% of the overall budget.

IPSC cannot spend anymore a portion of the budget in another EU country.

End Credits must report the use of Italy Tax Credit (logo provided by MIC-DGC).

Must be Submitted within 90 days prior to principal photography commencing, with a PSA in place.

Must include the Cultural Test (see attached Table A) with all the element listed in the “preliminary application info-sheet”.

Must be submitted within 180 days after completion of all ISPC activities.

Must include: overall final budget, final eligible costs and audit, tax credit available and used, cash flow of tax credit, ecc