35% DEDUCTION FOR AUDIOVISUAL WORKS (FICTION, ANIMATION AND/OR DOCUMENTARIES)
The region of Navarre allows access to a 35% tax deduction, in form of tax credit, for Spanish productions and co-productions, the biggest tax advantages on Spain’s mainland.
WHAT KIND OF PRODUCTIONS QUALIFY?
Spanish productions and co-productions of feature films, animation films, fiction series and documentaries are included.
WHAT REQUIREMENTS MUST BE MET?
- At least 40% of the deduction base must correspond to expenses incurred in Navarre. Through our Navarra branch, the postproduction services can be included in the 40% requirement.
- Deduction limit per production: 3 million euros.
CASE EXAMPLE:
A €2 million budget film that expended 40% of the budget on the Navarra region. Due the Navarre scheme, €280K (35% of the amount spent on the region) is refundable.
