In a move that underscores its commitment to fostering innovation and economic growth, Belgium has made a significant stride by officially expanding its Tax Shelter program to include the gaming industry. The new tax incentive will finance up to 27.2 % of eligible production budget of the total qualifying expenses in the EEA. This development reflects the country’s recognition of the immense potential of the gaming sector, not only as a source of entertainment but also as a driver of economic activity and technological advancement. By extending the Tax Shelter program to the gaming industry, Belgium demonstrates a forward-looking approach to supporting emerging sectors that hold immense economic and cultural potential. The decision to include games under the umbrella of the Tax Shelter program recognizes the significance of the gaming industry not only as a form of entertainment but also as a complex ecosystem involving technology, creativity, and innovation. Belgium’s move to include games in the Tax Shelter program is poised to have far-reaching economic implications. The gaming industry has evolved into a multi-billion-dollar sector with global reach, encompassing game development, publishing, esports, and more. By incentivizing investments in game development, Belgium can attract local and international talent, foster startups, and stimulate job creation within the industry. This, in turn, contributes to economic growth and positions Belgium as a player in the global gaming arena.
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