UPDATE! Approved a modification of article 36.2 of the Law of Corporate Tax (below) to improve the tax deductions. Tax incentives for international productions goes from 15% to 20% and increases the maximum deduction from 2.5 million to 3 million. The Spain Film Commission considers the measure an “important breakthrough.”
The pleasure to work in Southern Spain.
One of the best climate in Europe; skilled local professionals with highly competitive rates; great locations; good weather; trusted suppliers and a wide range of accommodation that will increase the production value of every project. Best of all nice food and nice people!
Southern Spain is a region full of culture, heritage and beautiful places to relax after a hard day’s shooting. etc
Spain has a 15% tax break for all the International productions filmed in our territory. Important to highlight that the Canary Islands have one of the most powerful tax incentives schemes. Up to a 35% rebate for international non-Spanish productions.
According with the art. 36.2 LIS of the Spanish Corporate Tax Law (Ley Impuesto Sociedades in Spanish).
“A deduction for all International Productions of 15% percent of the costs incurred in Spanish territory if the costs incurred in Spanish territory are at least 1 million euros.
The basis of the deduction shall consist of the following expenses incurred in Spanish territory directly related to production:
1. Creative personnel expenses, provided you have tax residence in Spain or in a Member State of the European Economic Area, with a limit of 50,000 euros per person.
2. The expenses arising from the use of technical industries and other suppliers.
3. The amount of this deduction shall not exceed 2.5 million euros, for each production made.”
“Producers registered with the Register of Cinematographic Companies of the Ministry of Education, Culture and Sport that are responsible for the enforcement of a foreign production of feature films or audiovisual works (…) will right a deduction of 15 percent of the costs incurred in Spanish territory if the costs incurred in Spanish territory are at least 1 million euros.
The amount of this deduction, together with other aid received by the taxpayer shall not exceed 50 percent of the cost of production.”
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