TAX INCENTIVES

TAX REBATE

SPAIN

30%

The Canary Islands offer a set of attractive tax advantages that are successfully applied to film production thanks to the Economic and Fiscal Regime of the Canary Islands (REF)1 within the legal framework of the EU and Spain.

DEDUCTION FOR INVESTMENT IN FOREIGN PRODUCTIONS: 50% 2 -45%.
Deduction for investment in Spanish productions or co-productions: 50% - 45%.
Canary Islands Special Zone (ZEC) 3, to establish companies in the Canary Islands with a reduced corporate income tax rate of 4%, compatible with the tax benefits mentioned above.

The Canary Islands are consolidated as one of the best places in Europe for filming, since in addition to these tax advantages, they have an excellent climate, natural conditions, wide landscapes and a powerful local film industry, with qualified and experienced equipment and personnel, ready to satisfy all your needs.

Tax incentives:

NATIONAL LEVEL 30% - 25% 30% 30% for the first million euros of deductible expenses, 25% for the rest of the expenses in Spain. The incentive has a limit of 20,000,000 euros per production (10,000,000 euros per episode in the case of audiovisual series)*.

TAX REBATE

CANARY ISLANDS

50%

60%

TAX CREDIT

BILBAO VIZKAIA

*coming soon to all the Basque Country

ROYAL DECREE-LAW 15/2014, OF DECEMBER 19, 2014, AMENDING THE ECONOMIC AND TAX REGIME OF THE CANARY ISLANDS.
54% ON THE FIRST MILLION EUROS WHEN EXPENSES IN THE CANARY ISLANDS EXCEED €1,900,000 3. LAW 19/1994 OF JULY 6 MODIFYING THE ECONOMIC AND TAX REGIME OF THE CANARY ISLANDS ACCORDING TO LAW 15/2014 OF DECEMBER 19.
LAW 27/2014 OF 27 NOVEMBER ON CORPORATE INCOME TAX. DEDUCTION FOR INVESTMENT IN SPANISH PRODUCTIONS OR CO-PRODUCTIONS: 50% - 45% THE CANARY ISLANDS SPECIAL ZONE (ZEC)3, FOR THE INSTALLATION OF COMPANIES IN THE CANARY ISLANDS AT A REDUCED CORPORATE TAX RATE OF 4%, COMPATIBLE WITH PREVIOUS TAX CREDITS.

DEDUCTION OF UP TO 60%

*Feature films, short films, other feature films, television series, animation or documentaries.

For all audiovisual productions*, national and international, including new digital formats.

60% if expenses in Bizkaia account for >50%.
50% if expenses in Bizkaia are between 35-50% of total expenses
40% if the expenses in Bizkaia are between 20-35%.
35% overall (No territoriality requirement)
+10% if Basque is the language of origin

*Feature films, short films, other feature films, television series, animation or documentaries.

DEDUCTION OF UP TO 60%.

*Feature films, short films, other feature films, television series, animation or documentaries.

DEDUCTION FOR INVESTMENT IN FOREIGN PRODUCTIONS: 50% 2 -45%.
Deduction for investment in Spanish productions or co-productions: 50% - 45%.
Canary Islands Special Zone (ZEC) 3, to establish companies in the Canary Islands with a reduced corporate income tax rate of 4%, compatible with the tax benefits mentioned above.

Tax incentives:

For all audiovisual productions*, national and international, including new digital formats.

60% if expenses in Bizkaia account for >50%.
50% if expenses in Bizkaia are between 35-50% of total expenses
40% if the expenses in Bizkaia are between 20-35%.
35% overall (No territoriality requirement)
+10% if Basque is the language of origin