Italy Film Tax Credit: 30-40% Transferable Credit Guide

What Films Were Shot in Italy?

Italy has attracted major film and television productions with its 30-40% transferable transferable tax credit. Notable productions filmed in Italy include Mission: Impossible—Rogue Nation, Interstellar, Rogue One: A Star Wars Story.

Interstellar (2014): $165M Budget & $701M Box Office Breakdown

Mission: Impossible—Rogue Nation (2015)Interstellar (2014): $165M Budget & $701M Box Office Breakdown Rogue One: A Star Wars Story (2016)

How Does Italy's Film Tax Incentive Work?

Italy offers a transferable tax credit for film and television production that is among the most liquid incentives in Europe. Administered by the Direzione Generale Cinema e Audiovisivo (DGCA) under the Ministry of Culture, the credit can be sold to Italian banks and financial institutions, converting future government receivables into immediate production capital.

Credit Rates

Italian productions receive up to 40% of qualified Italian expenditure as a transferable tax credit. Foreign productions investing in Italy receive 30% of qualified Italian spend, with a per-project cap of EUR 20 million.

Credits are typically sold to Italian banks at 85-92 cents on the euro, providing effective returns of 26-37% depending on production type and negotiation.

Which Productions Are Eligible?

Feature films (theatrical and streaming)
Television series and miniseries
Documentary
Animation

Co-Production Treaties

Italy is party to the European Convention on Cinematographic Co-Production covering 43 countries, plus bilateral treaties with France, Germany, Canada, Australia, and others. Official co-productions receive national film status in both territories simultaneously.

Why Productions Choose Italy

Iconic locations. Rome, Venice, Tuscany, the Amalfi Coast, Sicily, and the Italian Alps provide unmatched European production value.

Cinecittà Studios. One of the largest and most historic film studios in Europe, located in Rome, with extensive stages and backlot facilities.

Regional funds. Lazio, Puglia, Sardinia, and other regions offer additional top-up funding that stacks with the national credit.

Liquid credits. The ability to sell credits to Italian banks makes Italy's incentive more immediately accessible than programs that require tax liability.