Tax incentives
Check out the tax deductions available for audiovisual production expenses in the Balearic Islands. In addition, the information summarised in this overview can be found in detail in Article 36 of the Corporate Tax Law.
Tax deduction
30%
on the first million
25%
for remaining expenses
With a maximum amount of 20 million euros for audiovisual productions and 10 million euros per episode in the case of series.
Basis of deduction
- The total cost of production.
- Expenses for obtaining copies, advertising and promotion (maximum 40% of the total cost of the deduction base).
- In addition, 50% of the deduction base must correspond to expenses incurred in Spain.
Requirements
- Certificate of nationality and cultural nature issued by the Institute of Cinematography and Audiovisual Arts (ICAA).
- Submission of a copy of the production to an officially-recognised Spanish cinematheque.
Limits
- The deduction base will be reduced by the amount of any subsidies received.
- The amount of the deduction together with the aid received may not exceed 50% of the total production cost.
- This percentage will increase, depending on the nature of each production.
Co-production
- In the case of co-production, the amounts will be determined by each producer based on their respective percentage of participation.
Application of deductions
- The deduction will be generated in each tax period for the production costs incurred during that period, but it will be applied from the tax period in which the project is completed.
- In the case of animated series, it will be applied from the tax period in which the certificate of nationality is obtained.
- The deduction may only be claimed when the work is deemed to be completed.
Find out about the tax benefits for investments made in Spain relating to the development of a foreign audiovisual production. For more details, please refer to Article 36 of the Corporate Tax Law.
Tax deduction
30%
on the first million
25%
for remaining expenses
With a maximum amount of 20 million euros for audiovisual productions and 10 million euros per episode in the case of series.
Basis of deduction
- Creative personnel expenses, provided they are tax residents in Spain or in a Member State of the European Economic Area.
- Expenses arising from technical industries and other suppliers.
Requirements
- Expenses of at least €1 million in Spanish territory (€200,000 for animated works).
- Registration of the executive producer in the Administrative Register of Film and Audiovisual Companies of the Institute of Cinematography and Audiovisual Arts (ICAA).
- Cultural certificate from the ICAA.
- Inclusion in the final credits of a reference to the tax incentive and the collaboration of the Spanish bodies that have participated directly in the production.
- Authorisation to use the title of the work and press material for cultural or tourist promotion activities.
Limits
- The minimum total production cost must be 2 million euros.
- The basis for the deduction may not exceed 80% of the total production cost.
- The amount of the deduction together with the aid received may not exceed 50% of the total production cost.
Co-production
- In the case of co-production, the amounts will be determined for each producer according to their respective percentage of participation.
Application of deductions
- The deduction will be generated in each tax period for the production cost incurred during that period, but it will be applied from the tax period in which the project is completed.