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The Law of 17 May 2004, modifying article 194 ter of the Belgian Income Tax Code, was published in the official gazette on 4 June. The legislation is designed to encourage investment in the production of films and documentaries in Belgium by companies that are not directly related to the film sector by making the tax shelter for audiovisual works more attractive.

If a corporate taxpayer signs a framework agreement with a Belgian production house, it can invest as much as one-third of its taxable profits, before tax, in the production of Belgian films, documentaries, or animated films for the cinema, or in an animation series or documentary for television. Feature films for television also qualify, but only in 2006. (Read the article …)