Basis, percentages and limits of the deduction

1. Deduction base

The basis of the deduction will be constituted by the direct artistic, technical and promotional costs incurred in said activities.

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

2. Applicable percentages

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.

3. Limits

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