Postponement of specific taxes that finance Argentine cinema until 2028
Argentina has postponed the repeal of specific taxes funding its film industry until 2028, amidst ongoing uncertainty in the audiovisual sector.
Argentina's Senate has approved a labor reform that delays the repeal of specific taxes crucial for funding the country's film industry until January 1, 2028. This decision, made with a vote of 42 in favor and 30 against, is viewed by industry leaders as a double-edged sword; while it prevents an immediate tax impact, it prolongs what has become a period of uncertainty for stakeholders in the audiovisual sector. HernΓ‘n Findling, president of the Academy of Arts and Cinematographic Sciences of Argentina, expressed the prevailing sentiment in the industry, stating that though the immediate threat was averted, this delay indicates a continued risk and instability within the sector.