Gran Canaria Film Commission – The island for animation
Unique tax incentives for animation
40% Direct deduction for international productions
- Hiring a local service company
Minimum expenditure in the Canary Islands of 200.000 euros of eligible costs.
45-40% Deduction for investment in Spanish productions or co-productions
- 45% deduction on the first million and 40% for the rest of the production budget.
- Minimum time of 15% -10% of production time.
- Canary Audiovisual Work Certificate.
ZEC (Canary Islands Special Zone)
- Corporation Tax of only 4%
- Low taxation on indirect taxes (7% IGIC)
- Compatibility with direct deduction and investment deduction
The new place of reference for animation.