The Industry, Commerce and Tourism Commission of the Congress of Deputies has approved this morning a ‘Proposition not of law relative to incentivize the video game industry in Spain. It is an initiative registered by the Popular Parliamentary Group in Congress that has been endorsed by all parliamentary groups unanimously, and among other measures, the text calls for a line of support for innovation in the video game development sector within the CDTI (Center for Technological and Industrial Development), to continue with the marketing plan, attracting investments and international promotion of the Spanish Video Game Industry as a Spanish Brand through ICEX, or evaluate the extension of tax incentives to the production of video games, which was one of the requests of the Spanish Association of Videogames (AEVI).
“Through this initiative, the Congress of Deputies urges the Government to maintain recognition of the video game sector as’ an emerging industry in increasing volume of business and jobs, and as a professional and educational training and training tool capable of generating jobs profiles of multiple disciplines’ “, according to AEVI. The Proposition not of law demands to “evaluate the possibility, by virtue of the criteria established by the Committee of Experts for Tax Reform” of tax incentives for the production of video games by modifying article 36 of the Corporation Tax Law. These kinds of deductions are already applied in other cultural industries such as film productions, audiovisual series or live shows, something that is considered to have helped improve the competitiveness of these industries. “Likewise, it is a fiscal framework that is already established in several leading countries in our environment such as France, the United Kingdom or Italy and major powers in the sector such as Canada and the United States,” highlights AEVI.
Some proposals to attract international projects and more jobs
The Proposition not of law claims to give continuity to the line of support for innovation in the video game development sector within the CDTI (Center for Technological and Industrial Development). It also includes the proposal to continue with the execution of a marketing plan, attracting investments and international promotion of the industry through the ICEX (Institute of Foreign Trade), or the creation of a state strategic plan on vocational training and employment, in a way that allows meeting the needs of the sector and facilitating job placement.
Jos Mara Moreno, CEO of AEVI, points out the importance of this initiative for the Spanish video game industry as a whole: “From AEVI we applaud the parliamentary support for this initiative. Several of the measures included in the text, such as the study of the extension of tax incentives to the production of video games, respond to a historical claim that if effective would more liquidity to studies and at the same time it would attract international projects that generate wealth and quality jobs“.