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Practical Handbook for Companies 2021

Tax period in which the deduction is applied

The producer will apply the deduction generated in each tax period for the expenses incurred in the production and exhibition of live performances of performing arts and music, provided that it has obtained the required certificate from the National Institute of Performing Arts and Music.

Amounts not deducted in the tax period may be applied in the tax returns of the tax periods ending within the next 15 years and thereafter.