Incentives in Spain
In Spain, tax incentives for film productions are set out in Article 36 of the Corporate Income Tax Act. Deduction for investments in film productions, audiovisual series and live performing arts and musical shows.
- Applicable to: feature films, short films, fiction series, animation or documentaries.
- Incentive:30% on the first million euros, and 25% on the remaining investment.
- Minimum expenditure in Spanish territory: €1 million.
- Maximum rebate limit: €20 million.
- Requirements and procedure: In the case of foreign productions, the rebate application must be submitted by a Spanish company registered with the Institute of Cinematography and Audiovisual Arts (ICAA) in July following the filming period. Executive production services must be undertaken by the Spanish service company.
Valencian Community Grants
At regional level, the Valencian Community offers two types of film grants (feature films, short films, animation, fiction or digital platform productions), provided that the production takes place within the region.
- Co-production with a local production company: full terms and conditions can be found at http://ivc.gva.es.
- Productions with a minimum budget of €4 million and an investment of €2 million in the Valencian Community are eligible for a 25% rebate, up to a maximum of €1.5 million. Full information is available here.
Valencia City Grants
In the city of Valencia, the City Council exempts production companies from public road occupancy fees when their film productions showcase the city’s heritage and employ local staff. Filming on beaches, through the València Coastal Authority, is also free of charge.
In addition, Visit València works with numerous partners from the local tourism sector, including hotels, apartments, restaurants, catering companies and vehicle rental companies, through which preferential rates for film crews can be arranged.
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