{"id":4929,"date":"2023-06-16T13:18:24","date_gmt":"2023-06-16T11:18:24","guid":{"rendered":"https:\/\/castillayleonfilm.com\/tax-incentives\/"},"modified":"2023-10-27T12:13:49","modified_gmt":"2023-10-27T10:13:49","slug":"tax-incentives","status":"publish","type":"page","link":"https:\/\/castillayleonfilm.com\/en\/tax-incentives\/","title":{"rendered":"Tax Incentives"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4929\" class=\"elementor elementor-4929 elementor-1569\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7920a97 elementor-section-full_width elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"7920a97\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ac36f2e\" data-id=\"ac36f2e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3311e76 elementor-widget elementor-widget-image\" data-id=\"3311e76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"2000\" height=\"805\" src=\"https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/08\/CyLFC_incentivos_01.jpg\" class=\"attachment-2048x2048 size-2048x2048 wp-image-4368\" alt=\"\" srcset=\"https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/08\/CyLFC_incentivos_01.jpg 2000w, https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/08\/CyLFC_incentivos_01-300x121.jpg 300w, https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/08\/CyLFC_incentivos_01-1024x412.jpg 1024w, https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/08\/CyLFC_incentivos_01-768x309.jpg 768w, https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/08\/CyLFC_incentivos_01-1536x618.jpg 1536w, https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/08\/CyLFC_incentivos_01-700x282.jpg 700w\" sizes=\"(max-width: 2000px) 100vw, 2000px\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-056c14e elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"056c14e\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-e56df03\" data-id=\"e56df03\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2fd44aa elementor-widget elementor-widget-text-editor\" data-id=\"2fd44aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><strong>What do we offer<\/strong><\/h5>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e3c728 elementor-widget elementor-widget-text-editor\" data-id=\"9e3c728\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h1>Tax Incentives <\/h1>\n<h2>For Filming Projects<\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1662ff4 elementor-widget__width-initial elementor-widget-tablet__width-inherit elementor-widget-mobile__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"1662ff4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\">Spanish productions and international co-productions can access tax deductions on Corporation Tax, once they obtain the <strong>certificates of<\/strong> <strong>Spanish nationality and cultural interest<\/strong> issued by the <a href=\"https:\/\/www.mecd.gob.es\/cultura-mecd\/areas-cultura\/cine\/inicio.html\" target=\"_blank\" rel=\"noopener\">ICAA<\/a> and <strong>a copy has been deposited<\/strong> in the <a href=\"https:\/\/www.mecd.gob.es\/cultura\/areas\/cine\/mc\/fe\/portada.html\" target=\"_blank\" rel=\"noopener\">Spanish Film Archive<\/a> or in a film library officially recognized by an Autonomous Community.<\/p>\n<p style=\"text-align: left;\">Spain has tax incentives for international films and television series that, in addition to the benefits of the territory and the audiovisual industry, make the country one of the most competitive destinations in the world.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4486d7b\" data-id=\"4486d7b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9f0c1a0 elementor-widget elementor-widget-image\" data-id=\"9f0c1a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"570\" height=\"570\" src=\"https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/05\/CyLFC_home_01-570x570.jpg\" class=\"attachment-portfolio-square size-portfolio-square wp-image-4120\" alt=\"\" srcset=\"https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/05\/CyLFC_home_01-570x570.jpg 570w, https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/05\/CyLFC_home_01-150x150.jpg 150w, https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/05\/CyLFC_home_01-500x500.jpg 500w, https:\/\/castillayleonfilm.com\/wp-content\/uploads\/2023\/05\/CyLFC_home_01-650x650.jpg 650w\" sizes=\"(max-width: 570px) 100vw, 570px\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c52d595 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"c52d595\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7b4bd7d\" data-id=\"7b4bd7d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9908ff8 elementor-widget elementor-widget-toggle\" data-id=\"9908ff8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1601\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1601\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">International Shootings incentives <\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1601\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1601\"><p>Spain offers tax incentives for international films and television series which, together with the benefits of the territory and the audiovisual industry, make the country one of the most competitive destinations in the world for audiovisual production.<\/p>\n<p>The producers who are in charge of the execution in Spain of a foreign production of feature films or audiovisual works that allow the preparation of a physical support prior to their serial industrial production are entitled to tax deductions for the expenses incurred in Spanish territory.<\/p>\n<p>The current regulations are Law 27\/2014, of November 27, on Corporation Tax, in particular, in its articles 36.2 and 39, as well as article 45 of Royal Decree 634\/2015, of July 10, by which the Corporate Tax Regulations are approved. The regulations that regulate these incentives can be changed every year, so it is advisable to find out about the modified aspects in the year in which the investment is expected to be made.<strong> <\/strong><\/p>\n<p>These incentives are applicable to Spanish producers registered in the Registry of Cinematographic Companies of the Institute of Cinematography and Audiovisual Arts of Spain who are in charge of the execution of a foreign production. This means that it is the Spanish company that assumes the production that has to carry out all the procedures to qualify for the tax deduction.<\/p>\n<ul>\n<li>The amount of the deduction will be <strong>30% with respect to the first million euros and 25% for the rest of the expense<\/strong> made in Spain.<\/li>\n<li><strong>Deduction limit: 20 million euros for each production<\/strong>. In the case of <strong>audiovisual series<\/strong>. the deduction will be determined per episode and the limit will be <strong>10 million euros per episode<\/strong>.<\/li>\n<li>The base of the deduction is the following expenses made in Spanish territory directly related to production (eligible expenses):\n<ul>\n<li>The expenses of creative personnel, as long as they have tax residence in Spain or in a Member State of the European Economic Area, limited to 100.000 euros per person<\/li>\n<li>And the expenses derived from the use of technical industries and other providers.<\/li>\n<\/ul>\n<\/li>\n<li>The amount of this deduction, together with the rest of the aid received, may not exceed 50 percent of the cost of production.<\/li>\n<li>The deduction will be applied provided that the expenses incurred in Spanish territory are at least 1 million euros. There are the following exceptions:\n<ul>\n<li>Animation: the amount of expenses incurred in Spanish territory will be at least 200,000 euros.<\/li>\n<li>Visual effects services: when the producer is in charge of the execution of visual effects services and the expenses incurred in Spanish territory are less than 1 million euros, they may obtain a 30% deduction. The amount of this deduction may not be exceed the amount established by Commission Regulation (EU) 1407\/2013, of December 18, 2013, regarding the application of articles 107 and 108 of the Treaty on the Functioning of the European Union to <em>de minimis<\/em> aid.<\/li>\n<\/ul>\n<\/li>\n<li>According to article 45 of Royal Decree 634\/2015, of July 10, which approves the Corporate Tax Regulation, the productions that generate the right to the aforementioned deduction must have a minimum cost of 2 million euros and the base of the deduction may not exceed 80 percent of the total cost of production.<\/li>\n<li>Procedure: The Spanish production company in charge of the international production must present the liquidation of all eligible expenses in the month of July of the fiscal year after the date of filming and request reimbursement.<\/li>\n<\/ul>\n<p>For the application of the deduction, it will be necessary to comply with the following requirements:<\/p>\n<ul>\n<li>That the production obtain the corresponding certificate that accredits the cultural character in relation to its content or its link with the Spanish or European cultural reality, issued by the Institute of Cinematography and Audiovisual Arts, or by the corresponding body of the Autonomous Community competent in the matter. This requirement will not be enforceable for the application of the deduction to visual effects services.<\/li>\n<li>That a specific reference to having taken advantage of the tax incentive be included in the final credits of the production; the collaboration, where appropriate, of the Government of Spain, the Autonomous Communities, the Film Commissions or the Film Offices that have been directly involved in the filming or other production processes carried out in Spain, as well as, where appropriate, the specific filming locations in Spain and, in the case of animated audiovisual works, the location of the studio entrusted with the production service.<\/li>\n<li>That the rights holders authorize the use of the title of the work and of graphic and audiovisual material for the press that expressly includes specific places of filming or any other production process carried out in Spain, for carrying out activities and elaboration of promotional materials in Spain and abroad for cultural or tourist purposes, which may be carried out by state, regional or local entities with competences in matters of culture, tourism and economy, as well as by Film Commissions or Film Offices that have intervened in the realization of the filming or production.<\/li>\n<\/ul>\n<p>There are details in the law that are not presented here, so we recommend going to the letter of the Corporate Tax Law and Regulations and the responses made by the Tax Agency to the binding queries already made (some aspects are included in the section Frequent questions).<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1602\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1602\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">National shoots and co-productions incentives<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1602\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1602\"><p>Spanish productions and international co-productions in Spain can access tax deductions on Corporate Tax.<\/p>\n<p>The current regulations are Law 27\/2014, of November 27, on Corporation Tax, in particular, in its articles 36.1 and 39.<\/p>\n<p>The regulations that regulate these incentives can be changed every year, so it is advisable to find out about the modified aspects in the year in which the investment is expected to be made.<\/p>\n<p>Investments in <strong>Spanish productions of feature films and short films and audiovisual fiction, animation or documentary series,<\/strong> which allow the preparation of a physical support prior to their serial industrial production, entitle the producer or taxpayers who participate in the financing to a deduction:<\/p>\n<ol>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol type=\"a\">\n<li><strong>30 percent<\/strong> of the first million deduction base.<\/li>\n<li><strong>25 percent<\/strong> on the excess of said amount.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li>The base of the deduction is equal to the total cost of production plus the cost of copies, publicity and promotion paid by the producer (with a limit of 40% of production costs).<\/li>\n<li>The law establishes a territorial requirement: 50% of the deduction base must correspond to expenses incurred in Spanish territory.<\/li>\n<li>El importe de esta deducci\u00f3n no podr\u00e1 ser superior a 10 millones de euros.<\/li>\n<li>In the event of a co-production, the amounts will be determined, for each co-producer, based on their respective percentage of participation in the co-production.<\/li>\n<li>For the application of the deduction, it will be necessary to comply with the following requirements:\n<ol>\n<li style=\"list-style-type: none;\">\n<ol type=\"a\">\n<li>That the production obtains the corresponding certificate of nationality and the certificate that accredits the cultural character in relation to its content, its connection with the Spanish cultural reality or its contribution to the enrichment of the cultural diversity of the cinematographic works that are exhibited in Spain, issued by the Institute of Cinematography and Audiovisual Arts, or by the corresponding body of the Autonomous Community with competence in the matter. Said certificates will be binding for the competent Tax Administration in terms of accreditation and application of the previous tax incentives and identification of the beneficiary producer, regardless of the moment of their issuance.<\/li>\n<li>That a new and in perfect condition copy of the production be delivered to the Spanish Film Library or the film library officially recognized by the respective Autonomous Community.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/li>\n<li>The deduction will be generated in each tax period for the production cost incurred in it, although it will be applied from the tax period in which the production of the work ends. In the case of animated productions, the deduction provided for in this section will be applied from the tax period in which the certificate of nationality is obtained.<\/li>\n<li>The amount of this deduction, together with the rest of the aid received, may not exceed 50 percent of the cost of production.<\/li>\n<li>The amount of this deduction, together with the rest of the aid received, may not exceed 50 percent of the cost of production. However, this limit is higher in certain cases: short films, new directors, co-official languages other than Spanish, works directed by people with disabilities, works directed by women, works of special cultural and artistic value, documentaries, animation works with a lower budget. to 2.5 million euros, cross-border productions and international co-productions with Ibero-American countries.<\/li>\n<\/ul>\n<p>There are details in the regulations that are not presented here, so we recommend going to the literalness of articles 36.1 and 39, as well as the responses of the Tax Agency to the binding queries already made. (some aspects are included in the Frequently Asked Questions section).<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What do we offer Tax Incentives For Filming Projects Spanish productions and international co-productions can access tax deductions on Corporation Tax, once they obtain the certificates of Spanish nationality and cultural interest issued by the ICAA and a copy has been deposited in the Spanish&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":41,"comment_status":"closed","ping_status":"closed","template":"full_width.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-4929","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/castillayleonfilm.com\/en\/wp-json\/wp\/v2\/pages\/4929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/castillayleonfilm.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/castillayleonfilm.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/castillayleonfilm.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/castillayleonfilm.com\/en\/wp-json\/wp\/v2\/comments?post=4929"}],"version-history":[{"count":0,"href":"https:\/\/castillayleonfilm.com\/en\/wp-json\/wp\/v2\/pages\/4929\/revisions"}],"wp:attachment":[{"href":"https:\/\/castillayleonfilm.com\/en\/wp-json\/wp\/v2\/media?parent=4929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}