Resumen de France: : Increased cinema and audiovisual tax credits
The European Commission has just authorised the measure adopted by the French Parliament at the end of 2013 and notified to the Commission on 1 April 2014 for adopting certain changes in the scheme of cinema and audiovisual tax credits. In addition to extending the tax credits until 31 December 2017, the Commission has authorised the increase in the rate of the credit from 20 to 30% for films with a budget of less than 4 million euros. The new rate does not affect the audiovisual tax credit. Otherwise, the accumulation of aid for cinematographic works remains unchanged, at 50% of the total cost of production. The measure is to be applicable retroactively to all tax credits calculated for tax years starting from 1 January 2014.
