Rome, June 21 (LaPresse) – "We are taking decisive action to ensure that every euro allocated to support Italian cinema is genuinely used to produce culture, jobs, and value. No phantom film will ever again benefit from public funds. No more waste: taxpayers' money must go only to those who truly make cinema." This is what the Minister of Culture, Alessandro Giuli, said while announcing the introduction of new adjustments to the Cinema law. Starting Monday, June 23, the Cinema and Audiovisual Directorate-General of the MiC – the Ministry – explains – will integrate the director’s decree containing the technical and application provisions related to the recognition of the 'international' tax credit, aimed at attracting foreign productions to Italy. The main new measures introduced will be: strengthening the obligations to trace financial flows; the obligation to submit a complete copy of the work upon completion as a condition for the final recognition of the benefit; the obligation to clearly indicate in the invoice the title of the work to which the costs refer (if exceeding 1,000 euros); greater constraints in the documentation on personnel hiring and certification of services rendered by third parties. These measures – the MiC continues – are added to the existing rules for works of Italian nationality, which to obtain the final credit must demonstrate their distribution in cinemas or public dissemination through national broadcasters or paid online platforms subject to investment obligations.
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