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%).
National productions
tax incentives in bilbao
AT LEAST
60%
OF FULL BUDGET EXPENDED IN BILBAO
Example case
0%
MINIMUM ELEGIBLE SPENDING PERCENTAGE
1,2 M€
ON ELEGIBLE EXPENSES IN bilbao
POST-PRODUCTION IS COMPUTED AS ELIGIBLE EXPENSES IN Bilbao
tax incentives in Navarre
AT LEAST
45%
OF FULL BUDGET EXPENDED IN Navarra
Example case
40%
MINIMUM ELEGIBLE SPENDING PERCENTAGE
900K€
ON ELEGIBLE EXPENSES IN navarra
POST-PRODUCTION IS COMPUTED AS ELIGIBLE EXPENSES IN Navarra
tax incentives in Mainland
AT LEAST
30%
1st 1M) 25% (rest)
OF THE ENTIRE BUDGET SPENT in Mainland
Example case
50%
of the total budget
MINIMUM ELEGIBLE SPENDING PERCENTAGE
550K€
ON ELEGIBLE EXPENSES IN maindland
POST-PRODUCTION IS COMPUTED AS ELIGIBLE EXPENSES IN Maindland
THESE TAX INCENTIVES INCLUDE
Spanish productions and co-productions of feature films, animated films, fiction series, and documentaries.
WHAT KIND OF PRODUCTION QUALIFY?
- At least 40% of the deduction base must correspond to expenses incurred in Navarre. Through our branch in Navarre, post-production services can be included in the 40% requirement.
- The deduction limit per production is €5 million.
Producciones extranjeras
THESE TAX INCENTIVES INCLUDE
Deducción por inversión en
producciones extranjeras:
- Hasta el 54% en el primer
millón de euros cuando los
gastos elegibles en Canarias
superen los 1.900.000 €. - 50% de deducción fiscal en el
primer millon de euros de
gastos deducibles y 45% en el
resto de los gastos. - Base máxima de deducción: 18
millones de euros - 0% de IVA
¿QUÉ TIPO DE PRODUCCIONES SON ELEGIBLES?
Foreign productions of feature films that lead to a master copy before being copied for industrial production: feature films, animated films, fiction series, and documentaries.
¿QUÉ REQUISITOS DEBEN CUMPLIRSE?
Eligible expenditure in the Canary Islands must be at least €1,000,000, including post-production, VFX, and animation services.
- Hire FYM Canarias as a
local service. - Foreign production must have a minimum budget of €2 million.
- Maximum deduction: €18 million.
TAX INCENTIVES IN THE CANARY ISLANDS
Come to the Canary Islands
The Canary Islands offer attractive tax benefits that are successfully applied to audiovisual production thanks to the Canary Islands Economic and Tax Regime (REF) within the legal framework of the EU and Spain.
