NAME OF INCENTIVE
Rebates for Investments in Films, Television Series, Documentary Series and Animation Films
VALUE
30% tax rebate at national level (up to $1.1m [€1m] expenditure, and 25% after). At regional level there is: (i) a 35% tax credit in Navarre (plus an extra 5% for certain Navarre productions); (ii) a 50% tax rebate in Canary Islands (54% if certain requirements are met, up to $1.1m [€1m] expenditure, and 45% after); (iii) a 60%‑35% tax credit in Biscay (plus an extra 10% for Biscay productions filmed in Euskera language); (iv) a 60%‑50% tax credit in Araba and Gipuzkoa (plus an extra 10% for both Araba and Gipuzkoa productions filmed in Euskera language).
PER PROJECT CAP
$22m (€20m) for each production. In the case of audiovisual series, the incentive will be determined per episode and the limit will be $11m (€10m) per episode. At regional level, these limits would differ depending on the regional tax applicable legislation in force.
APPLICATION DEADLINE
Must be applied for by the Spanish company in the month of July of the year after the end of filming. In case of animation productions, tax credits could be applied as for the tax period when the Spanish company obtains the Spanish Nationality Certificate.
ELIGIBLE
Film, TV drama, other TV, documentary, other
LIMITS/RESTRICTIONS/CONSIDERATIONS
For Spanish productions and co-productions: at least 50% of the deduction base corresponds to expenses incurred in Spanish territory (at regional level, this limit could differ according to the regional tax appliable legislation in force). For foreign productions: $1.1m (€1m) minimum expenditure in Spain is required for the tax rebate. For animation and post-production, the minimum expenditure required in Spain is $220,000 (€200,000). The applicant production company must be registered in Spain as a producer into the relevant official Registration Office (at regional level, these requirements could differ according to the regional tax appliable legislation in force).
