Belgian Lawmakers Move to Enhance Tax Incentive for Films
The Chamber of Deputies, the lower house of the Belgian Parliament, on 1 April approved a bill amending the Income Tax Code to make the so-called tax shelter for audiovisual works even more attractive.
Belgium in 2002 introduced a tax concession to encourage investments in the production of films and documentaries in the country. Companies that invest in the production of certified Belgian audiovisual work will receive a tax exemption from corporate income tax of up to 150 percent of the amounts invested.
Lower House Approves Tax Incentive Plan for Film Industry (with Ruth De Baere), Tax Notes International, 7 April 2004