The third amending finance law for 2020 is for the benefit of companies subject to corporation tax that are conducting activities as an on-demand television, radio or audio visual media service and justifying a reduction in their turnover for the period between the 1st March 1 and the 31st December 2020. These companies will be able to enjoy an exceptional tax credit. As of the 17th June 2021, a decree sets the implementation of the exceptional tax credit, which certain categories of people will benefit from, such as television, radio and audio visual services, on account of their expenses on cinematographic and audio visual creation. How much will it be? 15% of the amount of expenditure promoting creation during the period between the 1st March and the 31st December 2020 will be allocated to the corporation tax owed by the company for the fiscal year ending on the 31st December 2020. Following this law in favour of companies involved in such services, our team is at your disposal to enlighten you on its practical implications. Please do not hesitate to contact us at maupard.com or [email protected] if this applies to you, we offer a range of services and our team is ready to help you at any stage.
The tax credit for audio-visual and cinematographic creation expenses