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Are tax exemptions applied to the income earned from dubbing activities?
Are tax exemptions applied to the income earned from dubbing activities?
The dubbing editorial team we work with regularly engages actors for film dubbing. These actors involved in dubbing activities are individuals who possess a Taxpayer Identification Number (VÖEN). Has any support been provided in this year’s Tax Code to reduce the tax burden on dubbing actors who are not eligible for the 75% income tax exemption?
According to the State Tax Service under the Ministry of Economy, Article 102.1.43 added to the Tax Code, effective from January 1, 2025, states that 90% of the income earned by individuals engaged in film production and dubbing, as well as by film producers, is exempt from income tax for a period of 5 years starting from January 1, 2025. Accordingly, 90% of the income derived from dubbing activities by individuals registered with the tax authorities will be exempt from income tax for 5 years starting January 1, 2025.
The dubbing editorial team we work with regularly engages actors for film dubbing. These actors involved in dubbing activities are individuals who possess a Taxpayer Identification Number (VÖEN). Has any support been provided in this year’s Tax Code to reduce the tax burden on dubbing actors who are not eligible for the 75% income tax exemption?
According to the State Tax Service under the Ministry of Economy, Article 102.1.43 added to the Tax Code, effective from January 1, 2025, states that 90% of the income earned by individuals engaged in film production and dubbing, as well as by film producers, is exempt from income tax for a period of 5 years starting from January 1, 2025. Accordingly, 90% of the income derived from dubbing activities by individuals registered with the tax authorities will be exempt from income tax for 5 years starting January 1, 2025.