BUENOS AIRES — Argentina’s broadcasting regulator Comfer is prepping tax breaks and public/private investment schemes to boost TV production and exports.
“The state wants to take all the measures possible to help the television sector produce and export more formats and series,” Juan Jose Ross, a senior content evaluation director at Comfer, told Daily Variety.
Proposals include lowering duties on importing cameras and other production equipment and technology.
“In Brazil, taxes are lower than in Argentina, especially duties on importing production machinery and technology. In Argentina, the industry pays almost the same tax as an individual would for importing a camera. There is no discount that would encourage technology improvements,” Ross said. “This makes it harder to compete.”
Comfer is developing the fiscal package with the Argentine Television Broadcasters Assn., an industry group.
Congress must approve any tax changes.