40% tax rebate for international productions
Twenty points above the rest of Spain
– Minimum investment of €1,000,000 of the film total budget in Spain/Canary islands
– Maximum deduction €5,400,000 for film.
What type of production qualifies for the allowance?
Foreign productions of feature films or audiovisual works that permit the making of a hardware prior to its industrial production.
What costs can be included in the tax allowances?
The following expenses made in Spain which are directly connected with the production
– Expenditure on creative crew, provided they have their tax residence in Spain or in any other European Economic Space Member State, capped at 100,000 euros per person.
– Expenditure on tecnical industries and other suppliers
Who can benefit from this allowance?
The production companies or production services companies with tax residence in Canary Islands, registered in ICCA which have been in charge of a foreign film or audiovisual work production.