8.4.3.4 2018: Live performances of performing arts and music (EV)

Requirements

The taxpayer may apply the deduction on expenses incurred in the production and exhibition of live performing arts and music shows, provided that the following requirements are met:

• That the taxpayer has obtained a certificate to this effect, under the terms established by Ministerial Order, by the National Institute of Performing Arts and Music, under the terms established as of December 31, 2015, by Order ECD /2836/2015, of December 18 ( BOE of the 30th).

• That, of the benefits obtained from the development of these activities in the year in which the right to the deduction is generated, the taxpayer allocates at least 50 percent to carrying out activities that give the right to apply the deduction provided for in this section. The period for compliance with this obligation will be between the beginning of the year in which the aforementioned benefits were obtained and the 4 years following the end of said year. 

Deduction base

The basis for the deduction will be the direct costs of an artistic, technical and promotional nature incurred in said activities.

The deduction generated in each tax period cannot exceed the amount of 500,000 euros per taxpayer.

Deduction percentages applicable in the 2018 fiscal year

The applicable deduction percentage will be 20 percent on expenses incurred during the tax period in the production and exhibition of live performing arts and music shows.

Application limit

The amount of the deduction, together with any subsidies received by the taxpayer, may not exceed 80 percent of said expenses.

Deadline to apply for the deduction

Amounts not deducted in the tax period may be applied in the settlements of tax periods ending within the next fifteen years.