Animation


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 1 million 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.