Calcolo e regime tributario delle sovvenzioni al cinema tramite "tax credit"

The paper describes the calculation criteria and the tax regime, in derogation to the general principles of business income, of movie subsidies granted in the form of tax credit. Italian tax credit for movies is a public contribution, granted to companies involved in production of distribution of films. The credit is calculated by the same company entitled to it and is, moreover, exempt from income taxes. The tax credit can be used to pay withholding taxes, value added tax, social contributions for employees, and other tax liabilities.