9.9.2.2.4. For investments in film productions, audiovisual series and live performances of performing arts and music
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SPANISH PRODUCTIONS OF FEATURE FILMS AND AUDIOVISUAL SERIES.
Investments in Spanish productions of feature-length films and audiovisual series of fiction, animation or documentaries, which allow the creation of a physical support prior to their serial industrial production, will entitle the producer to a deduction of 20 percent with respect to the first million euros of the deduction base, and 18 percent on the excess of said amount. The deduction cannot be greater than 3 million euros.
The deduction base will be the production cost, less the portion financed by the financial co-producer.
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PRODUCERS REGISTERED IN THE REGISTRY OF FILM COMPANIES THAT ARE IN CHARGE OF THE EXECUTION OF A FOREIGN PRODUCTION.
As long as they allow the creation of a physical support prior to industrial production, they will be entitled to a deduction of 15 percent of the expenses incurred in Spanish territory, provided that these are at least one million euros.
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LIVE SHOW PRODUCTION AND EXHIBITION EXPENSES.
Expenses for the production and exhibition of live performing arts and musical shows will be entitled to a joint deduction of 20 percent . The deduction generated in each tax period cannot exceed the amount of 500,000 euros per taxpayer.