54%
Direct Tax Rebate for Foreign Productions
View Requirements
- €1 million in eligible expenditure in the Canary Islands
- €2 million production budget
- Hire a production company registered with the ICAA and tax resident in the Canary Islands
- For animation projects, the minimum expenditure requirement is €200,000
More information:
54%
Tax Credit for Investment in Spanish Productions
View Requirements
- Obtain the Canary Islands Audiovisual Production Certificate.
- At least 50% of the tax deduction base must be incurred in Spain.
4%
Corporate Income Tax
View Requirements
Thanks to the Canary Islands Special Zone (ZEC), audiovisual companies established in the Canary Islands can benefit from a reduced Corporate Income Tax rate of Mism 4%. This is made possible by the Islands’ unique economic and tax regime, which encourages investment and business creation.
In addition, as an Autonomous Community of Spain, the Canary Islands are governed by European Union regulations that allow the free movement of citizens and use the euro as their official currency. European residents can also enjoy all the rights and benefits granted under the European citizenship agreements established by the Maastricht Treaty of 1992.
More information:
More information:
0%
IGIC
View Requirements
The zero VAT rate applies to the production of feature films and audiovisual series, including fiction, animation and documentary productions.
More information: https://canaryislandsfilm.com
More information: https://canaryislandsfilm.com
54%
Direct Tax Rebate for Foreign Productions
View Requirements
- €1 million in eligible expenditure in the Canary Islands
- €2 million production budget
- Hire a production company registered with the ICAA and tax resident in the Canary Islands
- For animation projects, the minimum expenditure requirement is €200,000
More information:
54%
Tax Credit for Investment in Spanish Productions
View Requirements
- Obtain the Canary Islands Audiovisual Production Certificate.
- At least 50% of the tax deduction base must be incurred in Spain.
4%
Corporate Income Tax
View Requirements
Thanks to the Canary Islands Special Zone (ZEC), audiovisual companies established in the Canary Islands can benefit from a reduced Corporate Income Tax rate of Mism 4%. This is made possible by the Islands’ unique economic and tax regime, which encourages investment and business creation.
In addition, as an Autonomous Community of Spain, the Canary Islands are governed by European Union regulations that allow the free movement of citizens and use the euro as their official currency. European residents can also enjoy all the rights and benefits granted under the European citizenship agreements established by the Maastricht Treaty of 1992.
More information:
More information:
0%
IGIC
View Requirements
The zero VAT rate applies to the production of feature films and audiovisual series, including fiction, animation and documentary productions.
More information: https://canaryislandsfilm.com
More information: https://canaryislandsfilm.com