News published in INFORMA 2023

News published in INFORMA during the month of JUNE

An entity that only develops the exhibition of the live show, without producing it, or assuming the risk and venture of the production, will not be able to generate the deduction provided for in article 36.3 of the LIS .

For the purposes of compliance with the territorialization requirement of the expenditure provided for in article 36.1 of the LIS , the expenditure relating to the hiring of actors and technical personnel will not be counted as expenditure incurred in Spanish territory, in the part that corresponds to filming carried out outside of Spain , since the services giving rise to said expenditure will not have been effectively provided in Spain.

The limits on the offsetting of pre-consolidation negative tax bases, that is, prior to belonging to a group are clarified.

The taxpayer who participates in the financing of a live show, will not be able to apply the deduction in an amount greater than that generated by the producing entity of the live show, subject to the limit of 500,000 euros, per tax period and per taxpayer.

The taxpayer who could participate in the financing of exhibitions carried out by an exhibiting entity that does not produce the live show or assume the risk and venture of the production, will not have the right to apply the deduction in the quota provided for in article 39.7 of the LIS , to the extent that the entity, not having the status of producer, will not have generated the deduction provided for in article 36.3 of the Law.