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V1928-24 ·6 September 2024 ·consulta-vinculante Medium impact
Tax

Deposit in escrow before obtaining audiovisual nationality certificate complies with article 39.7 LIS time limits

A film producers association asks whether depositing funding in a guarantee account before obtaining the audiovisual nationality and cultural status certificate meets the time limits set out in article 39.7 of the LIS for the financier to claim the audiovisual production deduction. The DGT confirms that the escrow mechanism, with release contingent solely on obtaining these certificates, satisfies the time limits, as the effectiveness of the contribution does not occur after the certificates provided in article 36.1 LIS are obtained.

In 6 key points

How it affects those involved

The mechanism of escrow with a release condition tied to the acquisition of certification satisfies the time limits under article 39.7 of the LIS, allowing the deduction to be claimed.

Lifecycle

2024-09-06PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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