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News published in INFORMA 2022

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News published in INFORMA during the month of FEBRUARY

144290-DEDUCTION FOR EXPENSES IN THE EXECUTION OF A FOREIGN PRODUCTION OF FEATURE AND SHORT CINEMATOGRAPHIC FILMS AND AUDIOVISUAL SERIES. APPLICATION LIMIT 10 MILLION EUROS. PRODUCERS ATTENDANCE

In the event that several executive producers participate in Spain, the sum of the deductions generated by each of them for executing part of the production in Spain cannot exceed 10 million euros .

144281-DEDUCTIBLE EXPENSES. DELIVERY OF GOLD COINS AS CUSTOMER SERVICE

The delivery of gold coins as customer service will be a tax-deductible expense provided that it meets the legally established conditions with the limit of 1 percent of the net amount of the turnover of the tax period.

144287-DEDUCTION FOR EXPENSES IN THE EXECUTION OF A FOREIGN PRODUCTION OF FEATURE AND SHORT CINEMATOGRAPHIC FILMS AND AUDIOVISUAL SERIES. CREATIVE STAFF EXPENSES AND USE OF TECHNICAL INDUSTRIES

The concepts of creative staff and technical industries are regulated in articles 4 and 5 of Law 55/2007, of December 28, on Cinema, without the general expenses linked to administrative tasks being able to form part of the deduction base, whatever the name given to the job position.

144266-TEMPORARY IMPUTATION. COMPENSATION RECEIVED IN TWO YEARS FOR FIRE IN WAREHOUSE

If the period between the accrual and the due date of the last installment of the compensation is greater than one year , the entity may apply the special rule of article 11.4 of the LIS and impute the income to the tax base of the tax period in which the collection is due.

144282-REDUCED TYPE. ENTITY BELONGING TO A GROUP IN ITS CONSTITUTION

An entity that transfers the shares of another entity created by the former holds control and is part of a group, so the latter will not be able to apply the tax rate for newly created entities , as it is not considered as such.

144289-DEDUCTION FOR EXPENSES IN THE EXECUTION OF A FOREIGN PRODUCTION OF FEATURE AND SHORT CINEMATOGRAPHIC FILMS AND AUDIOVISUAL SERIES. LIMIT 100,000 EUROS CREATIVE PERSONNEL EXPENSES

The limit of 100,000 euros per person who is part of the creative staff should be understood as the incurred throughout the entire production , since the amount of the deduction base is determined based on the costs of the production as a whole.