The made in Italy of videogames receives another bonus: the tax credit for the start-ups of the Italian videogame industry is on the way
After the recent disaster on the Piedmontese shore of Lake Maggiore, the desire to restart for theItalian economy emerges from the cul-de-sac it is in with a tax credit for the gaming industry, therefore aimed at the Italian development teams. The announcement comes from the government itself, which intends to grant a 25% credit to cover development costs with a maximum ceiling of one million euros. To be eligible, the company must have its registered office in the European economic territory. Furthermore, every company must be subject to the Italian tax system.
The videogame turning point in politics: the tax credit for the sector industry
This tax credit to push on the Italian gaming industry has yet to be approved by the European Union before it is fully operational. The Minister of Italian Culture, Dario Franceschini, he defined video games as the “fruit of creative genius”. believing it “right” that this emerging sector receives support and recognition of cultural value. According to Franceschini, the sector is growing exponentially in our area. In fact, many start-ups manage to develop high quality products under the aegis of the under 30s. This, concludes the minister, brings with it the possibility of finding new talents and presents training opportunities.
In conjunction with this announcement, IIDEA (Italian Interactive Digital Entertainment Association) has released its census on the Italian industry, which shows that 1600 employees work in the videogame field: 500 more than in 2018. 79% of the staff is under 36 years old, and 26% of the approximately 160 Italian development teams generate revenues over 500,000 euros. A third of these teams have over 10 employees, and a fifth is over 20. 73% have been operating for over four years, for a type of entertainment in which Italian consumers invested € 2.18 billion last year. (an increase of 21.9% compared to 2019).
These tax reliefs also occurred in Australia. Now it’s up to you to tell us yours: what do you think of this turning point? Let us know below, and as always don’t forget to stay on TechGameWorld.com for all the most important news for gamers and more. For your purely gaming needs, you can instead find the best discounts in digital format on Instant Gaming.