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فبراير.كوم
Luqja assesses artist tax benefits
The article discusses a package of fiscal privileges approved by Minister of Economy and Finance, Fawzi Laqqaj, to support the arts and entertainment sector. These privileges include tax exemptions and reductions on income tax and value-added tax (VAT), aimed at encouraging artists and creators. Among these benefits, there is an exemption for income generated from copyright royalties and literary and artistic awards not exceeding 100,000 dirhams annually. Additionally, a 35% deduction is granted on wages and income for various artistic categories, with a cap of 35,000 dirhams, along with a flat 50% reduction on wages for artists working intermittently or on "cash" projects. Self-employed artists benefit from exemption from the minimum tax during their first three years of activity. Regarding VAT, a rate of 10% applies to cinema tickets, with some documentary and educational films exempt from VAT, including cases of importing such films, especially for educational institutions and free screenings. For visual arts and sculpture, artworks are considered outside the scope of VAT. Exemptions also cover books, musical works, and recordings, all aimed at stimulating artistic and documentary production.
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