AFS_ANNECY'15 Catalogodigital

TAX INCENTIVES ON THE PRODUCTION OF FILMS AND AUDIOVISUAL IN SPAIN
SPANISH PRODUCTIONS
Investments in Spanish film and audio-visual productions entitle the producer to a tax relief of 20%
from the first million euros of the base deduction, and 18% on the excess of this amount, with a
maximum of €3 million per production.
The base deduction equals the total cost of production plus the cost of copies, advertising and
promotion by the producer (with a limit of 40% of the production costs).
The law establishes a territorial requirement and 50% of the base deduction must correspond to
costs incurred in Spanish territory.
Also it expressly provides that the amount of all tax incentives received may not exceed 50% of
the production cost.
The aid is granted if the objectives requirements are fulfilled.
The requirements include, inter alia:
a) That the production obtains a certificate of Spanish nationality and a cultural certificate.
b) That a new copy of the work is deposited in the Spanish Film Library or equivalent body
of an Autonomous Community.
FILMING FOREIGN PRODUCTIONS IN SPAIN
The executive producer (registed in the ICAA’s Film and Audiovisual companies Register) of a
foreign film or audiovisual is entitled to a tax relief of 15% of the costs incurred in Spanish territory
in this production provided said costs equal at least 1 million euros.
The expenses that qualify for this tax relief must be creative personnel costs and expenses arising
from the use of technical industries and other suppliers.
The amount of this tax relief may not exceed 2.5 million per production and the total amount of any
incentives may not exceed 50% of the production cost.
Full text of article 36 of Law 27/2014, of 27
November, on the Corporation Tax (BOE
11/28/2014).
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