Film tax credit, audiovisual tax credit, international tax credit C2I, French film industry, audiovisual production, tax incentives, corporate tax IS, cinematographic works, audiovisual works, production companies, EY Consulting, CNC
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Abstract
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Abstract
This document provides an overview of the tax credits available for film and audiovisual production in France, including the International Tax Credit (C2I) and the tax credit for French film and audiovisual production expenses.
Extract
[...] The first part examines in detail the audiovisual tax credit by drawing up a situation report. The numbers since its creation are presented to highlight the evolution and growing importance of this mechanism. In addition, the control of the Tax Administration is addressed to emphasize the importance of regulation and transparency in the use of the tax credit. The second part focuses on the tax credit for film and audiovisual production expenses in France. The definition and eligibility of this tax credit are detailed, highlighting the specific criteria for a production to benefit from it. [...]
[...] If this approval is not issued within the deadline, the tax credit granted must be reimbursed. It is worth noting that the tax credit is capped at eligible expenses incurred up to December It is capped at 4 ME per work, and brings the total of corrective financing of 2012 to 10 ME per year. The latter measure will come into effect on a date fixed by decree at the latest on January (L. fin. rect no 2012- Dec JO 30 Dec., art. 34; see Les Nouvelles fiscales n°1105, p. 9). [...]
[...] (2017). The Fiscal Abundance, a French Disease. Studies 47-58. https://doi.org/10.3917/etu.4244.0047 Brodaty, T. (2013). Evaluation of Public Policies: Three Illustrations in the Cultural Field. Culture méthodes 1-12. https://doi.org/10.3917/culm.131.0001 KUPPERG Pierre & FADDA Jean-Jacques (2003). [...]
[...] It may happen that the tax debt represented by the tax relief is transferred to a banking or financial institution, which can then either keep it as a guarantee or even request reimbursement directly from the financial administrations. Tax reliefs are now common in the French tax system. There are several dozen of them and new ones are created every year. They perform various functions. Some, such as tax reliefs for childcare costs, are social, family and employment policy instruments. [...]
[...] This quality is also appreciated in the case of a production company that, in addition to co-production, assumes alone the initiative and financial, technical and artistic responsibility for the production of an audiovisual work and guarantees its good realization. As a result, the Cinematographic and Audiovisual Financing Companies (SOFICA), established in the form of joint-stock companies and whose sole activity is the financing in own funds of approved cinematographic or audiovisual works, cannot benefit from audiovisual tax reliefs. In fact, the SOFICA, whose object is strictly defined by law and which have no right to exploit the audiovisual work, cannot be considered as delegated production companies. [...]
