After a green light from Brussels for the reform of the French Video Game Tax Credit at the end of last year, The French Video Games Trade Association (SNJV) now welcomes the imminent entry into force of the new provisions.
This key measure aims to reduce the deficit in competitiveness of video game production companies based in France against countries like Canada, the United States and Australia, which all offer very generous tax incentives for video games creation. The reform of the tax credit offers renewed attractiveness to France for companies already based in the country. It might also convince international stakeholders to set up or relocate to France.
In Quebec, Canada meanwhile, local video game development studios also breathe a sigh of relief that the large video game tax breaks the region is known for won’t be slashed after all. In June last year the Quebec government announced plans to lower the tax breaks, but after much criticism from the industry they thankfully realised their mistake.
In Belgium both WALGA and FLEGA are asking for similar actions.