The Argentine Authors and Composers Company (SADAIC) announced on its website that it will start charging a tax for intellectual property rights in that country to broadcasts of gigs and music festivals, a modality that became widespread due to the Coronavirus pandemic.
The tax will be equivalent to 12% of the total income to the shows for which tickets are charged, while the entity warned that ‘it reserves the right’ to apply that rate in the case of a free broadcast, for which will make an estimation according to the income in this type of shows. In turn, as reported by SADAIC, to the 12% announced, AR $ 250 thousand (USD 3,680) will be added in cases in which it is a gig or festival in which a brand or institution has been involved, and this value will rise to AR$ 400 thousand (USD 5,890) in case the streaming broadcast is made at the same time on TV and radio.
The entity also clarified that the tax will not be charged to users who choose to access music events via streaming. ‘Those who request a payment to those who wish to access the musical event, or who have as sponsors, trademarks or similars as a way of advertising and / or promotion among other concepts, whether live or prerecorded programs, must pay copyright’ SADAIC argued.