The video game tax credit is extended until the end of 2028
The video game tax credit, which aims to be the main public funding tool for a dynamic industry, has been extended until December 31, 2028, the government announced today, at the opening of Paris Games Week.
“At the initiative of the Ministry of Economy, Finance and Industrial and Digital Sovereignty and the Ministry of Culture, the Prime Minister signed a decree aimed at modernizing the video game tax credit system by changing its cultural scale in order to make it more suitable for current video games”, he announced.
Since its introduction in 2008, companies in the sector have benefited from a tax credit, subject to conditions, the rate of which amounts to 30% of eligible expenditure for the production of a new game. It has benefited more than 150 development studios and has helped fund more than 370 projects since its inception, according to the government.
Since 2017, more than 220 million euros have been paid via this video game tax credit, declared Jean-Noël Barrot, Minister Delegate for the Digital Transition, insisting on the character “particularly important” to attract or maintain big-budget games in France, which are more threatened because “more easily relocated”. “With an estimated turnover of 5.6 billion euros in 2021 in France, the sector now has almost as much economic weight as all French start-ups”he added.
The main video game unions regularly plead for France, third in Europe in terms of turnover, to become the European leader in the sector within five years, asking the public authorities to make it an industrial priority.
