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Practical Manual of Companies 2022.

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 performing arts and musical shows, provided that the producer has obtained the certificate from the National Institute of Performing Arts and Music required.

The amounts not deducted in the tax period may be applied in the settlements of the tax periods that conclude within the 15 immediate and successive years .