Film tax credit extended to audiovisual production

Article 48 of the 2004 Amending Finance Act amends Article 220 sexies of the General Tax Code: the tax credit for film production spending is opened to audiovisual production companies for approved fiction, documentary and animation works produced mainly in France. The cap per film is raised to €1 million; for an audiovisual work the credit is capped at €1,150 per minute (fiction and documentary) and €1,200 per minute (animation). Documentaries qualify only if spending reaches €2,333 per minute. It applies to works whose shooting starts on or after 1 January 2005.