• Registration of Artists or Cultural Workers and the Certification of audio, visual of video work is designed to make sponsorship of artists and their
artwork more attractive to the Corporate Citizen.
• These benefits accrue to performing artists registered with the Ministry with responsibility for Culture, and producers of audio, visual and video
productions whose work has been certified by the Minister with responsibility for Culture as representing local
culture or entertainment:
• If you are a performing artist, advise your potential Corporate Sponsor that they can claim as an allowance for that year of income, 100% of the
actual expenditure incurred up to a maximum of two million dollars based on the funding they provide to you.
• If you have produced an audio, visual or video production promoting or reflecting local entertainment or local culture, advise your potential Corporate
Sponsor that they can claim as an allowance for that year of income, 150% of the actual expenditure incurred up to a maximum of two million dollars
based on the funding they provide to you.
• If you are a Production Company that incurred expenditure for its own audio, visual or video production reflecting local entertainment or local culture,
you can claim as an allowance for that year of income, 150% of the actual expenditure incurred
up to a maximum of two million dollars.
• In all cases, ensure the certificate you obtained from the Registry is available to prove your bona fide. Be prepared furnish this document to the
Corporate Citizen for them to verify same.
• When the company submits its tax return, they have to attach the copy of the certificate to the return as proof of your bonafide in order to qualify for
the allowances the legislation provide |