Increased 48% rate of the SOFICA tax reduction
The income tax reduction for subscribing to the capital of film and audiovisual financing companies (SOFICA) is raised from 36% to 48% when the company commits at least 10% of its investments to developing series (fiction, documentary, animation) or to financing works in return for revenue from their exploitation abroad.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Concerns individuals subscribing to SOFICA shares, within a specific €18,000 cap. The Senate report estimated the maximum cost at €7.6m per year.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
Possible referral to Constitutional Council
Décision de conformité / censure partielle
President of the Republic signature
Publication au Journal officiel