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V3217-16 ·11 July 2016 ·consulta-vinculante Medium impact
Tax

Audiovisual investment deduction in Canary Islands not deemed a functioning regional aid

A Canary producer asks whether the deduction for investments in cinematic productions (Art. 36.2 LIS) constitutes regional functioning aid and which personnel and other expenses can be included in the deduction base. The DGT rules that it is not functioning aid and outlines creative personnel and deductible expenses.

In 6 key points

How it affects those involved

The deduction for audiovisual investments in the Canary Islands is not classified as regional functioning aid, clarifying eligible personnel costs and creative expenses.

Lifecycle

2016-07-11PublishedPublished 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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