SPAIN - Canary Islands
EP Services Offered
Administration
Tax Credit Financing
Tax Credit Placement
Eligible Production Types
Animation
Commercials
Documentaries
Feature Films
Game Shows
Pilots
Post Only
Reality Television
Scripted Television
Talk Shows
Video Games
Location Production Needs
Beaches Ocean
City
Deserts
Forests
Lakes Rivers
Mountains
Rural
Snow
Suburban
Tropical
Legislation/
Guidance
| Incentive | 45%-50% Tax Rebate |
| Labor | |
| Resident ATL | 45-50% |
| Resident BTL | 45-50% |
| Qualified Spend | |
| Spend | 45-50% |
Rebate is 50% of the first €1M eligible expenditure and 45% on the rest. Eligible expenditures include expenses in the Canary Islands directly related to the production. Click here for a list of eligible expenditures. For expenditures exceeding €1,900,000 in the Canary Islands, the rebate can go up to 54% for the initial million. | |
| Minimum/Caps | |
| Minimum Spend | €2M (budget); €1M (eligible spend); €200K (animation and post) |
| Minimum Filming Days | None |
| Project Cap | €36M (Film); €18M (per-episode) |
| Compensation Cap | €100K |
| Application | |
The amount of the tax break is deducted from the corporate income tax payable in the tax period in which the production services are completed. This will be the moment when the executive production ends in Spain. | |
| Additional Requirements | |
| Local Production Company | Yes |
| Loan-Out Registration | Yes |
Gran Canaria Film CommissionNuria Guinnot, Coordinator +34.928.410.674 | |