Requirements

The taxpayer may apply the deduction on the 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 the 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 deduction. application of the deduction provided for in this section. The time period for meeting this obligation is from the start of the fiscal year in which the aforementioned profits are acquired, and 4 years following the close of the same fiscal year.