Global Games Development Incentives - Revision history

UkieLuke: /* UK */

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‎UK

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‎Europe

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‎Europe

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UkieLuke: /* Canada */

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‎Canada

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‎Canada

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‎Canada

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‎Canada

UkieLuke: UkieLuke moved page Global Games Tax Incentives to Global Games Development Incentives: Better title

2021-04-01T13:35:11Z

UkieLuke moved page Global Games Tax Incentives to Global Games Development Incentives: Better title

@@ Line 43: / Line 43: @@
 |-
 |Funding
-|[https://www.northernirelandscreen.co.uk/funding/games-development/ Scottish Enterprise]
+|[https://www.scottish-enterprise.com/ Scottish Enterprise]
 |Scottish Enterprise runs a variety of programmes for companies that want to set up in Scotland, with many applicable for games companies.
 |-
 |}

@@ Line 67: / Line 67: @@
 |[https://www.belgiumfilm.be/film-financing/tax-shelter Film & TV Belgian Tax Shelter]
 |Tax Shelter provides additional funding of up to 25-30% of total qualifying expenses in the EEA. Allows finance of up to 40-45% of Belgian-eligible expenses. Spend must be specifically within Belgium. Currently awaiting approval from European Commission.
 |'''Belgium'''
 |Funding
 |[https://www.vaf.be/vafgamefonds VAF / Gamefonds]
 |Supports game development. Different financial grants are awarded, corresponding to the successive stages in the creation process: e.g. pre-production aid and production aid.
 |-
 |'''Denmark'''

@@ Line 67: / Line 67: @@
 |[https://www.belgiumfilm.be/film-financing/tax-shelter Film & TV Belgian Tax Shelter]
 |Tax Shelter provides additional funding of up to 25-30% of total qualifying expenses in the EEA. Allows finance of up to 40-45% of Belgian-eligible expenses. Spend must be specifically within Belgium. Currently awaiting approval from European Commission.
 |-
 |'''Denmark'''

@@ Line 110: / Line 110: @@
 |'''Switzerland'''
 |Funding
-|Interactive Media Fund
+|[https://prohelvetia.ch/en/interactive-media/ Interactive Media Fund]
 |Pro Helvetia, the Swiss Government's arts and cultural body, provides an Interactive Media Fund for game developers.
 |-

@@ Line 235: / Line 235: @@
 |Tax credit
 |[https://www.gov.nl.ca/fin/tax-programs-incentives/business/idmtc/  Interactive Digital Media Tax Credit]
-|Tax offset of 40% for labour directly attributable to interactive digital media products. Maximum of $2,000,000 per year (or $0k per employee per year).
+|Tax offset of 40% for labour directly attributable to interactive digital media products. Maximum of $2,000,000 per year (or $40,000k per employee per year).
 |-
 |'''Nova Scotia'''

@@ Line 225: / Line 225: @@
 |Tax credit
 |[https://www2.gov.bc.ca/gov/content/taxes/income-taxes/corporate/credits/interactive-digital-media Interactive Digital Media Tax Credit]
-|Provides tax offset of 17.5% of eligible salary costs for video games developers. Applicants  must havepermanent establishment in British Columbia. There is an application fee of $1000 to $5000 depending on number of employees.
+|Provides tax offset of 17.5% of eligible salary costs for video games developers. Applicants  must have permanent establishment in British Columbia. There is an application fee of CA$1,000 to $,5000 depending on number of employees.
 |-
 |'''Manitoba'''
 |Tax credit
 |[https://www.gov.mb.ca/jec/busdev/financial/midmtc/index.html Interactive Digital Media Tax Credit]
-|Tax offset of up to 40% of Manitoba labour costs with a max tax credit of CA$500,000. CA$100,000 in eligible marketing and distribution. For 40%: company must pay 25% of its company salaries to Manitoba residents. For 35%: if a company pays less than 25% of its salaries to Manitoba resident & incurs at least $1m in qualifying Manitoba labour expenses annually.
+|Tax offset of up to 40% of Manitoba labour costs with a max tax credit of CA$500,000. CA$100,000 in eligible marketing and distribution. For 40%, a company must pay 25% of its company salaries to Manitoba residents. For 35%, if a company pays less than 25% of its salaries to Manitoba resident & incurs at least $1m in qualifying Manitoba labour expenses annually.
 |-
 |'''Newfoundland & Labrador'''
 |Tax credit
-|[https://www.gov.nl.ca/fin/tax-programs-incentives/business/idmtc/  Interactive Digital Media Tax Credit.]
+|[https://www.gov.nl.ca/fin/tax-programs-incentives/business/idmtc/  Interactive Digital Media Tax Credit]
 |Tax offset of 40% for labour directly attributable to interactive digital media products, a max of $2m/year (or $0k per employee per year).
 |-
@@ Line 240: / Line 240: @@
 |Tax credit
 |[https://www.novascotia.ca/finance/en/home/taxation/tax101/businesstax/corporateincometax/digitalmediataxcredit.aspx.html  Digital Media Tax Credit.]
-|Whatever is the lesser of: a tax offset of 50% for labour (plus 10% of expenditure for productions outside metro Halifax zone); OR 25% of expenditure (plus 5% of expenditure outside metro Halifax zone). Up to $100,000 is also provided of marketing and distribution spend.
+|Whatever is the lesser of either: a tax offset of 50% for labour (plus 10% of expenditure for productions outside metro Halifax zone); or 25% of expenditure (plus 5% of expenditure outside metro Halifax zone). Up to $100,000 is also provided of marketing and distribution spend.
 |-
 |'''Ontario'''
 |Tax credit
-|[https://ontariocreates.ca/tax-incentives/oidmtc Interactive Digital Media Tax Credit.]
+|[https://ontariocreates.ca/tax-incentives/oidmtc Interactive Digital Media Tax Credit]
-|A tax offset of 40% of production costs for game developers (except for 'fee-for-service' developers where a 35% rate applies)
+|A tax offset of 40% of production costs for game developers, except for 'fee-for-service' developers where a 35% rate applies.
 |-
 |'''Prince Edward Island'''
 |Tax offset
 |[http://gameplan.ca/ Video Game Labour Rebate]
-|Video Game Labour Rebate. Provides a tax offset for video game developers (rate not specified).
+|Provides a tax offset for video game developers (rate not specified).
 |-
 |'''Quebec'''
 |Tax credit
 |[https://www.investquebec.com/quebec/en/financial-products/smbs-and-large-corporations/tax-credits/production-of-multimedia-titles.html Quebec Production of Multimedia Titles Tax Credit]
-|Provides a tax credit of 30% of labour, plus an extra 7.5% if French language.
+|Provides a tax credit of 30% of labour, plus an extra 7.5% if French language, then based on production expenses up to $3,556 per title.
 |-
 |}

@@ Line 217: / Line 217: @@
 {| class="wikitable sortable"
 !Type
 !Name

@@ Line 216: / Line 216: @@
 In Canada, screen tax incentives are primarily implemented at the provincial rather than the federal level.
-{| class="wikitable"
+{| class="wikitable sortable"
-|'''Country'''
+!Type
-|'''Type'''
+!Name
-|'''Benefits'''
+!Description
 |-
-|'''[https://www2.gov.bc.ca/gov/content/taxes/income-taxes/corporate/credits/interactive-digital-media British Columbia]'''
+|'''British Columbia'''
 |Tax credit
-|Interactive Digital Media Tax Credit. 17.5% of eligible salary and wages incurred in the tax year.
+|[https://www2.gov.bc.ca/gov/content/taxes/income-taxes/corporate/credits/interactive-digital-media Interactive Digital Media Tax Credit]
-|Taxable Canadian corporation with permanent establishment in British Columbia.
+|Provides tax offset of 17.5% of eligible salary costs for video games developers. Applicants  must havepermanent establishment in British Columbia. There is an application fee of $1000 to $5000 depending on number of employees.
 |-
-|'''[https://www.gov.mb.ca/jec/busdev/financial/midmtc/index.html Manitoba]'''
+|'''Manitoba'''
 |Tax credit
-|Interactive Digital Media Tax Credit. 40% of Manitoba labour costs with a max tax credit of CA$500,000. CA$100,000 in eligible marketing and distribution.
+|[https://www.gov.mb.ca/jec/busdev/financial/midmtc/index.html Interactive Digital Media Tax Credit]
-|For 40%: company must pay 25% of its company salaries to Manitoba residents. For 35%: if a company pays less than 25% of its salaries to Manitoba resident & incurs at least $1m in qualifying Manitoba labour expenses annually.
+|Tax offset of up to 40% of Manitoba labour costs with a max tax credit of CA$500,000. CA$100,000 in eligible marketing and distribution. For 40%: company must pay 25% of its company salaries to Manitoba residents. For 35%: if a company pays less than 25% of its salaries to Manitoba resident & incurs at least $1m in qualifying Manitoba labour expenses annually.
 |-
-|'''[https://www.gov.nl.ca/fin/tax-programs-incentives/business/idmtc/ Newfoundland & Labrador]'''
+|'''Newfoundland & Labrador'''
 |Tax credit
-|Interactive Digital Media Tax Credit. 40% of labour directly attributable to interactive digital media products, a max of $2m/year (or $0k per employee per year).
+|[https://www.gov.nl.ca/fin/tax-programs-incentives/business/idmtc/  Interactive Digital Media Tax Credit.]
+|Tax offset of 40% for labour directly attributable to interactive digital media products, a max of $2m/year (or $0k per employee per year).
 |-
-|'''[https://www.novascotia.ca/finance/en/home/taxation/tax101/businesstax/corporateincometax/digitalmediataxcredit.aspx.html Nova Scotia]'''
+|'''Nova Scotia'''
 |Tax credit
-|Digital Media Tax Credit. Whatever is the lesser of 50% of labour (plus 10% of expenditure for productions outside metro Halifax zone); OR 25% of expenditure (plus 5% of expenditure outside metro Halifax zone). Up to $100,000 of marketing and distribution spend
+|[https://www.novascotia.ca/finance/en/home/taxation/tax101/businesstax/corporateincometax/digitalmediataxcredit.aspx.html  Digital Media Tax Credit.]
-|Permanent establishment in Nova Scotia.
+|Whatever is the lesser of: a tax offset of 50% for labour (plus 10% of expenditure for productions outside metro Halifax zone); OR 25% of expenditure (plus 5% of expenditure outside metro Halifax zone). Up to $100,000 is also provided of marketing and distribution spend.
 |-
-|'''[https://ontariocreates.ca/tax-incentives/oidmtc Ontario]'''
+|'''Ontario'''
 |Tax credit
-|Interactive Digital Media Tax Credit. 40% of labour, no cap. Up to $100,000 for marketing and distribution OR for Larger gama+C12e companies: 35% of labour, no cap, no need to meet 80/25 criteria.
+|[https://ontariocreates.ca/tax-incentives/oidmtc Interactive Digital Media Tax Credit.]
-|80/25 rule - 25% of 25% of the total development labour to create the product must be attributable to eligible wages of employees of the qualifying corporation. Also 80% of the total development labour to create the product must be attributable to eligible wages and eligible remuneration paid to individuals, personal corporations, or sole proprietorships that do not have employees.
+|A tax offset of 40% of production costs for game developers (except for 'fee-for-service' developers where a 35% rate applies)
 |-
-|'''[http://gameplan.ca/ Prince Edward Island]'''
+|'''Prince Edward Island'''
 |Tax offset
 |Video Game Labour Rebate. Provides a tax offset for video game developers (rate not specified).
 |-
-|'''[https://www.investquebec.com/quebec/en/financial-products/smbs-and-large-corporations/tax-credits/production-of-multimedia-titles.html Quebec]'''
+|'''Quebec'''
 |Tax credit
-|Quebec Production of Multimedia Titles Tax Credit. 30% of labour, plus 7.5% if French language.
+|[https://www.investquebec.com/quebec/en/financial-products/smbs-and-large-corporations/tax-credits/production-of-multimedia-titles.html Quebec Production of Multimedia Titles Tax Credit]
+|Provides a tax credit of 30% of labour, plus an extra 7.5% if French language.
-|Application fees: Initial Qualification Certificate is $118. Annual application then based on production expenses up to $3,556 per title.
+ then based on production expenses up to $3,556 per title.
 |-
 |}

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