Tax incentives for film and television in Spain for shooting and post-production
Spanish tax incentives could be the answer to the high costs of filming and post-production, making our country the best place to develop your projects
54%
FOREIGN (NON-SPANISH) PRODUCTIONS
If you have an International Production, you can avail of the 54% – 45% Tax Rebate by working with Free Your Mind Canarias.
60%
NATIONAL (SPANISH) PRODUCTIONS
You can avail of the 60% deduction for cinematographic investments and audiovisual works (fiction, animation and/or documentaries) through our branch in Bilbao. Other territories offer different rates (e.g. Navarra, 45%).
Tax rebate for foreign productions in the Canary Islands
Hasta
54%*
(1st 1M)
When eligible expenses in the Canary Islands exceed €1.9M *
*50% when they are less than 1.9M
0%
Iva
WHAT TYPES OF PRODUCTIONS ARE ELIGIBLE?
Foreign productions of feature films, animated films, fiction series and documentaries.
WHAT REQUIREMENTS MUST BE MET?
Eligible spending in the Canary Islands must be at least €1,000,000,
including post-production, VFX, and animation services.
Hire FYM Canarias as your local service provider.
Foreign productions must have a minimum budget of €2 million.
Maximum deduction of €18 million.
National productions
tax incentives in Bilbao
Until
60%
Example for a production of €2M
50%
Minimum spending percentage in Bilbao
1,2 M€
incentive generated in Bilbao
Post-production is considered an eligible expense in Bilbao.
WHAT TYPES OF PRODUCTIONS ARE ELIGIBLE?
Spanish productions and co-productions of feature films, animated films, fiction series and documentaries.
tax incentives in Navarre
45%
Example for a production of €2M
900K€
incentive generated in Navarre
Post-production is considered an eligible expense in Navarre.
What types of productions are eligible?
Spanish productions and co-productions of feature films, animated films, fiction series and documentaries.
Minimum spending in Navarre and deduction limit
At least 40% of the deductible amount must correspond to expenses incurred in Navarre. Through our branch in Navarre, post-production services can be included within this 40% requirement.
The deduction limit for production is €5 million.
tax incentives in the Canary Islands
54%-50%
About 1 million
45% of the remaining budget
Example for a production of €2M
Minimum requirement
11 days
filming in the canary islands
990K€
incentive generated in the Canary Islands
Post-production is considered an eligible expense in the Canary Islands
What types of productions are eligible?
Spanish productions and co-productions of feature films, animated films, fiction series and documentaries.
Minimum requirements and deduction limit
At least 50% of the eligible expenses must be incurred in Spain.
The production deduction limit is €18 million per episode of a series and €36 million per film.
tax incentives in common territory
30%
About 1 million
25% of the remaining budget
Example for a production of €2M
50%
of the total budget must be spent in Spain
550K€
in eligible expenses within the common territory
Post-production is counted as an eligible expense in the common territory
What types of productions are eligible?
Spanish productions and co-productions of feature films, animated films, fiction series and documentaries.
Deduction limit
The production deduction limit is €10M per episode of a series and €20M per feature film.