Benavides celebrates the opinion of the draft Law of Attraction of Film Investments in Costa Rica

San José, Jul 28 (elmundo.cr) – The liberationist deputy Carlos Ricardo Benavides celebrated the opinion of the bill for the Attraction of Film Investments in Costa Rica.

“The project for the Attraction of Film Investments has been declared!”, Benavides pointed out.

The legislator explained that during today’s session of the Tourism Commission, they issued Legislative File No. 22,304, Law of Attraction of Film Investments in Costa Rica.

In addition, he stressed that “the project seeks to promote investment and development of international film productions and activities in Costa Rican territory, as an important source of economic generation, productive linkages, the creation of ventures, as well as the hiring of human talent. Costa Rican and for which a series of benefits and incentives will be granted, attractive to investors in the international film industry.

Benavides stressed that “this initiative will impact the process of economic reactivation of various productive sectors of our country, putting Costa Rica to compete with other nations in the world for the attraction of productions of films, series, documentaries, video games and others.”

“It will have great effects, especially in our tourism, arts and commercial sectors,” he added.

The deputy concluded by stating that “the bill now goes to the legislative plenary for discussion and final approval.”

About the project

The objective of file 22.304, Law to attract film investments in Costa Rica, is to promote investment and development of international film productions and activities in Costa Rica, as a source of economic generation, productive chains, creation of enterprises and hiring of Costa Rican human talent, including a significant impact on the tourism and commercial sectors.

The beneficiaries of this project will be natural or legal persons, not domiciled in Costa Rica, who carry out Film or Audiovisual Production projects and will be granted the following incentives:

  • Total exemption from income tax and any other income tax.
  • Refund of all taxes that fall on the permanent importation of goods into the national territory for the performance of film activities.
  • Exemption from all taxes, levies, fees or contributions to temporary importation that falls on equipment, tools, spare parts, clothing, makeup, scenery and technical material that are required to carry out the project.
  • The people in charge of entering the materials, equipment or clothing of the project will be provided with the entry of the corresponding luggage, without paying taxes or other charges.
  • Additionally, in the case of projects that make purchases of national goods and services in the country that exceed an amount of US $ 500,000.00 (five hundred thousand Dollars), they will be granted a refund of 100% of the Value Added Tax rate that they had paid. about them.

If the project is approved, the Executive Power will create a specialized office and a single digital window to process the projects and obtain the corresponding benefits and exemptions; In addition, the State and its institutions will facilitate permits for access and filming in locations belonging to the State.

This initiative is to promote investment and development of international film productions and activities in Costa Rica, as a source of economic generation, productive chains, creation of enterprises and hiring of Costa Rican human talent, including a significant impact on the tourism and commercial sectors .

The beneficiaries of this project will be natural or legal persons, not domiciled in Costa Rica, who carry out Film or Audiovisual Production projects and will be granted the following incentives:

  • Total exemption from income tax and any other income tax.
  • Refund of all taxes that fall on the permanent importation of goods into the national territory for the performance of film activities.
  • Exemption from all taxes, levies, fees or contributions to temporary importation that falls on equipment, tools, spare parts, clothing, makeup, scenery and technical material that are required to carry out the project.
  • The people in charge of entering the materials, equipment or clothing of the project will be provided with the entry of the corresponding luggage, without paying taxes or other charges.
  • Additionally, in the case of projects that make purchases of national goods and services in the country that exceed an amount of US $ 500,000.00 (five hundred thousand Dollars), they will be granted a refund of 100% of the Value Added Tax rate that they had paid. about them.

If the project is approved, the Executive Power will create a specialized office and a single digital window to process the projects and obtain the corresponding benefits and exemptions; In addition, the State and its institutions will facilitate permits for access and filming in locations belonging to the State.

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