Investors can also receive Tax Shelter certificates based on the amount of qualifying investment costs that the game's production will spend in Europe, as well as the direct and indirect amount of Belgian-eligible expenses. The Tax Shelter will finance up to 33,7% gross (27.2 % net) of the 'eligible production budget of the total qualifying expenses in the EEA,' the announcement clarified. The idea is to encourage games development in Belgium, with the tax incentive open to Belgian productions, and co-productions meeting the qualifying criteria. Belgium's tax incentive for the games industry was officially approved by the European Commision today.Īlready in place for the AV industry since 2003 and performing arts since 2017, the Belgian Tax Shelter will now include game productions as well.
