{"id":1163,"date":"2016-10-03T12:07:15","date_gmt":"2016-10-03T12:07:15","guid":{"rendered":"https:\/\/www.grancanariafilm.com\/?page_id=1163"},"modified":"2024-10-22T08:17:29","modified_gmt":"2024-10-22T08:17:29","slug":"40-de-deduccion-directa-para-producciones-internacionales","status":"publish","type":"page","link":"https:\/\/www.grancanariafilm.com\/en\/rodar-en-gran-canaria\/ventajas-fiscales\/40-de-deduccion-directa-para-producciones-internacionales\/","title":{"rendered":"UP TO 54%* – 45% TAX REBATE FOR FOREIGN PRODUCTIONS"},"content":{"rendered":"

Producers with tax domicile in the Canary Islands who are in charge of executing a foreign production (production service companies) benefit up to a 54%* deduction on the first million elegible expenditure and 45% on the rest of elegible expenses in the Canaries. The minimum expenditure is \u20ac1 million<\/strong>, while the minimum expenditure for international productions performing\u00a0animation work<\/strong> in the Canary Islands is only \u20ac200,000<\/strong>.<\/p>\n

This incentive is capped at \u20ac36 million per feature film <\/b>and 18 million euros per episode in the case of series.<\/strong><\/p>\n

* 54% for the first 1M\u20ac under certain requirements, depending on the type of production, the total budget and eligible expenditure in the Canary Islands.<\/span> <\/em><\/h6>\n

What kind of productions qualify? <\/strong><\/span><\/em><\/p>\n

Foreign productions of feature films and TV series of live action, animation and documentaries are included. The audiovisual productions (feature and series) cannot be considered to be Spanish.<\/p>\n

The productions that qualify for this deduction must have a minimum global budget of \u20ac2 million.<\/p>\n

What kind of expenditure is eligible? <\/strong><\/span><\/em><\/p>\n

Expenses in the Canary Islands directly related to the production:<\/p>\n