The Chamber of Deputies, the lower house of the Belgian Parliament, on 1 April approved a bill amending the Income Tax Code to make the so-called tax shelter for audiovisual works even more attractive.

Belgium in 2002 introduced a tax concession to encourage investments in the production of films and documentaries in the country. Companies that invest in the production of certified Belgian audiovisual work will receive a tax exemption from corporate income tax of up to 150 percent of the amounts invested. (Read the article …)