Peru's Film Law: Lights, Camera, Global Action!

Peru is enhancing its appeal as a global filming destination with a new comprehensive film law. The legislation introduces the Certificate of Investment in Audiovisual Production (CIPA), offering tax incentives of up to 50% on corporate income or VAT. This move is strategically designed to promote lesser-known sites and diversify the country's tourism offerings beyond popular landmarks like Machu Picchu.

The "Transformers: Rise of the Beasts" filming in Peru catalyzed significant governmental action, leading to the establishment of a multisectoral working group. This group has been instrumental in proposing measures to boost foreign investment in film production, including the development of a dedicated Film Commission and the new tax incentive law. Additionally, a specialized visa, ATA, has been introduced to facilitate the seamless entry of international talent and crew.

Local film production, though facing challenges from Hollywood blockbusters, remains robust, supported by state funding and private initiatives. While the new film law focuses on attracting international projects for tourism and cultural exchange, industry leaders emphasize the need for further legal frameworks to fully support the development of Peruvian cinema, particularly regional productions.