The video game tax credit system, the main public funding tool in this sector, which is subject to very strong international competition, allows video game companies to benefit, subject to conditions, from a tax credit corresponding to 30% of the production costs for a new game. The new scale includes a more clearly justified cultural goal and establishes the principle of original creativity. The device is also extended“until December 31, 2028, which will ensure full tax predictability to promote the location of productions in France and support the development of the most ambitious games that require a long time. » says Jean-Noël Barro, ministerial delegate for digital transition and telecommunications.
Thus, points are awarded to projects that justify the creation of a new universe and a new concept, and that act as an original work in visual, narrative and/or musical matters, as well as an innovative nature of the game and technological innovation; This scale is designed to be more suitable for mobile video games. It also maintains a heritage criterion (inspiration from European heritage or adaptation of a work) as well as criteria regarding the European nature of video games to favor projects that present a strong European identity in terms of content, languages chosen, or within the production team. “This upgrade allows us to strengthen our support for independent players and new talent that will help position France at the forefront of video game producing countries. says Minister of Culture Rima Abdul Malak.
Support the industry
Since its introduction in 2008, the mechanism has benefited more than 150 video game development studios, which are part of a vibrant and diverse ecosystem of development service companies, and has helped finance more than 370 projects. The previous version of the scale, which was designed in 2007 when the system was created, no longer met the current challenges of the industry and was upgraded after work carried out by the National Center for Cinema and Moving Image (CNC) and the Directorate General. with enterprises in cooperation with specialists in the field.
“At a time when new technologies such as metaversal and virtual reality are developing, this tax credit is one of the pledges of France’s digital sovereignty. » Minister of Economy, Finance and Industrial and Digital Sovereignty Bruno Le Maire announced.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.