Skip to main content
Practical Manual of Companies 2022.

Scope of application and requirements

With effect for the tax periods beginning on January 1, 2021, in addition to the producer it is allowed to make investments in Spanish productions of feature films and short films and audiovisual series of fiction, animation or documentary, which allow the preparation of a physical support prior to its serial industrial production, can apply the deduction for investments in Spanish film productions, the taxpayer who participates in the financing of such productions, provided that the following requirements are met:

  1. That the production obtains the corresponding nationality certificate and the certificate that accredits the cultural character in relation to its content , its connection with the Spanish cultural reality or its contribution to the enrichment of the cultural diversity of cinematographic works exhibited in Spain, issued by the Institute of Cinematography and Audiovisual Arts , or by the corresponding body of the Autonomous Community with competence in the matter.

    With effect for tax periods beginning on or after January 1, 2021, these certificates will be binding for the tax administration competent in matters of accreditation and application of the above tax incentives and identification of the beneficiary producer, regardless of the time of their issuance.

  2. That a new and in perfect condition copy of the production be delivered to the Spanish Film Library or the film library officially recognized by the respective Autonomous Community.

  3. In addition, so that the taxpayer who participates in the financing of Spanish productions of feature films, short films, fiction, animation or documentary audiovisual series made by other taxpayers the deduction can be applied, you must sign with the producer one or more financing contracts, which may be signed at any stage of production, which must be presented together with the certification of compliance with the requirements set out in letters a) and b) above, in a communication to the Tax Administration, signed by both him and the producer, prior to the end of the tax period in which the latter has the right to apply the deduction.

  4. Finally, it is required that the assets must remain in operation for 5 years for real estate, 3 years for movable assets. or during the useful life if lower. With effect for tax periods beginning on or after January 1, 2021, in the case of film productions and audiovisual series, this requirement will be deemed met to the extent that the production company maintains the same percentage of ownership of the work during a period of 3 years, without prejudice to its power to fully or partially commercialize the exploitation rights derived from it to one or more third parties.