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The audio-visuals in the Region of Madrid

TAX INCENTIVES

The regulations on tax incentives for filming in Spain are provided for in Article 36 of Law 27/2014, of 27 November on Corporate Tax , concerning the Deduction for investments in film productions, audiovisual series and live shows of performing arts and music. This law was last amended by the Royal Decree-Law 17/2020 of 5 May .

International productions

Applicable to Spanish producers included in the Registry of Audiovisual Companies of the Ministry of Culture and Sport who are in charge of a foreign production.

Cortometraje: Vive baila posa As provided for in Article 36.2 of the Corporate Income Tax Act .

  • General incentive of 30% on the first million euros and 25% of the rest of the expenditure made in Spain.
  • Type of foreign productions: feature films, TV series, animation films and documentaries.
  • Repayment ceiling: EUR 10 million
  • Beneficiaries: Spanish companies included in the Registry of Audiovisual Producers of the ICAA, Instituto de Cinematografía y las Artes Audiovisuales (Spanish Institute for Cinematography and Audiovisual Arts).
  • Basis of deduction: eligible expenses incurred in Spain.
  • Eligible costs: creative talent domiciled in Spain or in another EU country (up to a limit of €100,000 per person), technical and ancillary services.
  • Minimum expenditure incurred in Spain: 1 million euros for production costs, 200,000 euros for pre-production and post-production costs for animation and visual effects.
  • Procedure: Reimbursement must be requested by the Spanish company in July of the year following the end of filming.

National productions

Spanish productions and international co-productions must have the certificates of Spanish nationality and cultural interest issued by the ICAA. A print must be submitted in the Filmoteca Española (Spanish Film Institute) or in an officially recognised film institute of an Autonomous Community.

As provided for in Article 36.1 of the Corporate Income Tax Act . Incentivos fiscales

  • General incentive of 30% on the first million euros and 25% of the rest of the expenditure made in Spain.
  • Type of national productions: feature films, short films and audiovisual series of fiction, animation or documentary.
  • Maximum repayment limit: €10 million. It may not exceed 50% of the cost of production, although this limit may be raised in certain cases.
  • Deduction basis: total cost of production plus P&A (prints, advertising and promotion) financed by the producer, up to a limit of 40% of the production costs.
  • The law establishes a territorial requirement, therefore 50% of the deduction base must correspond to costs incurred in Spanish territory.
  • Date of application: July of the year following the end of production.

Co-productions that are considered national can benefit from these deductions, in addition to being eligible for financial aid from the ICAA for creation, production and promotion.