Law of Cultural Incentive
* LAW ROUANET
Deduction of up to 4% of income tax for corporations and 6% for individuals.
Provides tax incentives for PEOPLE who want to finance cultural projects through the National Program for Support of Culture (Ministry of Culture). The company supports projects grouped in segments deter mined, and may deduct up to 100% of the amount sponsored.
* LAW OF AUDIOVISUAL
Grants tax incentives to companies, limited to 3% of income tax due. The company aquire Audiovisual Investment Certificates, certificates representing shares of participation in films.
* LAW TO ENCOURAGE THE CULTURE OF THE STATE OF SP - ProAc (ICMS)
Grants tax incentives to companies, limited to 3% of the VAT for the previous month for cultural projects previously approved in the State Secretariat of Culture of SP.
| ICMS (SP, RJ, MG, BA, RS) - Examples |
| Amount Paid GST | Law incentive | Value encouraged | Counterparty Required | Value of Sponsorship |
| $ 1,000,000.00
| SP-ProAc | 30000.00 | 0.00 | 30000.00 |
| $ 1,000,000.00 | RJ Law 1954/92 as amended by 3555/01 | 40000.00 | 10000.00 | 50000.00 |
| $ 1,000,000.00
| MG Law 12.733/97 | 30000.00 | 7500.00 | 37500.00 |
| $ 1,000,000.00 | RS-LIC - Law 10.846/96 | 55500.00 | 18500.00 | 74000.00
|
| $ 1,000,000.00 | BA - Law 1954/92 as amended by 3555/01 | 40000.00 | 10000.00 | 50000.00 |
