126.96.36.199.4. For investments in film productions, audiovisual series and live performing arts and musical shows
SPANISH PRODUCTIONS OF FILM FEATURE FILMS AND AUDIOVISUAL SERIES.
Investments in Spanish productions of feature films and audiovisual fiction, animation or documentary series, which allow the preparation 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.
PRODUCERS REGISTERED IN THE REGISTRY OF FILM COMPANIES THAT ARE IN CHARGE OF THE EXECUTION OF A FOREIGN PRODUCTION.
Whenever they allow the preparation of a physical support prior to their industrial production, they will be entitled to a deduction of 15 percent of the expenses incurred in Spanish territory as long as these are, at least, million euros.
PRODUCTION AND EXHIBITION EXPENSES OF LIVE SHOWS.
The expenses for the production and exhibition of live performing arts and musical performances 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.