TAX INCENTIVES
National Level
30% - 25%
· 30% for the first million euros of deductible expenses, 25% for the rest of the expenses in Spain.
· The incentive has a cap of 20,000,000€ per production (10,000,000€ per episode in the case of audiovisual series)*.
Canary Islands
50% - 45%
· 50% deduction on the first million of eligible expenses and 45% on the remaining expenses in the Canary Islands.
· The incentive has a cap of 36,000,000 euros.
Requirements
· Production companies or service companies with tax domicile in Spain, registered with the Institute of Cinematography and Audiovisual Arts (ICAA) and that have executed a foreign film.
· Minimum expenditure of 1 million euros, except for animation and post-production, which must be at least 200,000 euros.
· The amount of the deduction combined with other benefits must not exceed 50% of the production costs.
Spanish
international
audiovisual
production companies
