Fiscal Incentives for Productions

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• Producers providing services to foreign films
• Tax rebate of 54% of eligible expenses in the Canary Islands for the first million euros and 45% thereafter.
• Minimum expenditure: 1 million euros
• 54% on the first million euros when expenditure in the Canary Islands exceeds 1,900,000 euros.

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• Cretivecrewwith residence in the EEC
• Expenditure in technical industries and other suppliers
• Maximum deduction will be 36 million euros for feature films and 18 million euros per chapter for series.
• The local production or service company must be tax resident in the Canary Islands.
• The total cost of the production must be at least 2,000,000 euros.
• Cultural certificate, recognition in the credit titles and delivery of promotional material required
• 50-45% tax credit for investment in Spanish productions and co-productions.
• Investments in the production of feature films, TV series, animation, documentaries and short films.
• 50% deduction for the first million euros of the budget and 45% for the rest of the production budget.
• 54% for some types of productions if the level and intensity allows it (women directors, short films, co-productions, etc.).
• Maximum deduction will be 36 million euros for feature films and 18 million euros per chapter for series.
• The producer and the investor must reside in the Canary Islands.
• Canary Islands Audiovisual Production Certificate, Spanish nationality and proof of culture are required.

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