News published in INFORMA 2023

News published in INFORMA during the month of OCTOBER

The reduction in capital to offset losses, carried out by an entity, does not give rise , at the headquarters of the entity that holds its participation, any loss, whether accounting or tax, that can be computed in determining the tax base for the period in which the aforementioned operation was carried out.

following are not considered direct costs of an artistic, technical or promotional nature: commissions paid to sales channels for ticket management, among others.

The deduction base may include among others expenses corresponding to the royalties generated by each live show and expenses directly related to each the shows.

For the purposes of applying the limit set out in letter b) of article 45 of RIS to the deduction provided for in section 2 of article 36 of LIS , the minimum cost of 2 million euros refers to the overall production budget , including both costs incurred in Spanish territory and abroad.

To the extent that the producing entity is entitled to apply the increased deduction percentages, in accordance with the special Canary Islands tax regulations, the taxpayer participating in the financing may apply the deduction generated by the producing entity, determining its amount under the same conditions as those applied to the producer.