Experts in Tax Incentives for International Productions in Spain

Greetings to filmmakers and industry professionals! Spain extends a warm welcome to international film and television productions, offering attractive tax incentives that complement its breathtaking locations and robust audiovisual sector. Here’s an overview of how Spain stands out as a premier destination for your next project.

Understanding the Deductions

Spain’s tax legislation, including Law 27/2014 and specific articles within Real Decreto 634/2015, provides significant tax deductions for foreign productions filming in the country. It’s important to note that these regulations are subject to annual reviews, suggesting a proactive approach in staying informed about any updates.

Key points for international producers considering Spain:

  • The initial million euros of expenditure qualifies for a 30% tax deduction, while subsequent expenses are eligible for a 25% deduction.
  • There’s a maximum deduction limit of 20 million euros per production, which adjusts to 10 million euros per episode for television series.

Eligible Expenses

  • Salaries for creative personnel residing in Spain or within the European Economic Area are deductible.
  • Costs associated with technical industries and service providers also qualify.

However, the combined benefits cannot exceed 50% of the production cost, and a minimum expenditure of 1 million euros in Spain is required for eligibility, with specific provisions for animation and visual effects.

Special Conditions in the Canary Islands

The Canary Islands offer enhanced incentives due to their unique geographical status, allowing for a 50% deduction on the first million euros and 45% on subsequent amounts, with a cap of one million euros per production. Additional requirements include obtaining a Canarian audiovisual production certificate and registration with the local film company registry.

Compliance and Application

To take advantage of these deductions, productions must meet several conditions:

  • Obtain a certificate validating the cultural significance of the content or its connection to Spanish/European culture.
  • Acknowledge the tax incentive in the production’s final credits, including any governmental or local support received.
  • Permit the use of the work’s title and select visuals for promotional purposes by Spanish entities, aimed at cultural or tourist promotion.

Spain’s tax incentives not only highlight its commitment to supporting the audiovisual industry but also enhance its appeal as a destination for international productions. While this overview provides a snapshot, we recommend consulting the latest legislative texts or the Tax Agency for detailed guidance.

Canary Island Film Tax Credit

Incentives for Filmmakers in Tenerife

If you’re considering shooting your next film in a location that boasts stunning natural beauty and incredible locations, look no further than Tenerife! The island isn’t just about breathtaking vistas; it’s also committed to supporting filmmakers through attractive incentives.

Why Choose Tenerife?

Tenerife has become an unparalleled destination for film production, offering a tropical climate year-round. Whether you’re after lush forests, rugged mountains, or pristine beaches, Tenerife has it all. Moreover, the local government’s dedication to promoting the audiovisual sector means you’ll find a wealth of resources and assistance readily available.

Financial Incentives Await

To make your filmmaking journey even more enjoyable, Tenerife offers an enticing financial incentive program. Depending on your project’s specifics, you could benefit from direct cash grants that can significantly offset production costs. The island’s strategic location in Europe and its favorable tax policies create a perfect recipe for a rewarding shooting experience.

Support Every Step of the Way

From pre-production planning to shooting and post-production, the local film commission is here to assist you. They provide valuable guidance navigating permits, finding local talent and crew, and sourcing equipment. With their support, you can focus on what you do best — telling your story.

Join the Creatives on this Island

Tenerife isn’t just a backdrop; it’s a thriving community of creatives ready to collaborate. By choosing Tenerife as your filming destination, you’re not just making a film — you’re weaving yourself into the vibrant tapestry of the island’s cultural and artistic scene.

Ready for Your Adventure?

If you’re ready to embark on your filming adventure in Tenerife, reach out to the local film commission to explore the multitude of opportunities waiting for you. With the right planning and support, your production can become a captivating reality in this beautiful paradise.