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Practical Manual for Companies 2023.

Deduction for investment in cinematographic production

With effect for tax periods beginning on or after 1 January 2023, Law 38/2022, of 27 December, modifies sections 1 and 2 of article 36 of the LIS to increase the limits of the deduction for investments in Spanish and foreign film productions and audiovisual series:

  • Spanish film productions

    The maximum amount of the deduction is increased to 20 million euros and in the case of audiovisual series, it is specified that the deduction is determined per episode, with the limit being 10 million euros for each episode produced.

  • Foreign film productions

    The maximum amount of the deduction is increased to 20 million euros and in the case of audiovisual series, it is specified that the deduction is determined per episode, with the limit being 10 million euros for each episode produced. In addition, the limit established to determine the basis of this deduction for creative personnel expenses is eliminated.