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Form 200. Corporate Income Tax Declaration 2018

8.4.3.4 2018: Live performing and musical arts shows (EV)

Requirements

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

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

  • That, of the profits obtained in the development of these activities in the year in which the right to deduction is generated, the taxpayer allocates at least 50 percent to the performance of activities that give the right to the application of the planned deduction. 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 close of said year. 

Deduction base

The basis of 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 fiscal year 2018

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

Application limit

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

Deadline to apply for the deduction

The amounts not deducted in the tax period may be applied in the settlements of the tax periods that conclude within the immediate and successive fifteen years.