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V4494-16 ·18 October 2016 ·consulta-vinculante Medium impact
Tax

Cash contributions for audiovisual co-productions are not subject to VAT

A production company has requested clarification on whether cash contributions from another company for the co-production of an audiovisual work are subject to VAT. The Directorate-General for Taxes (DGT) has ruled that these contributions do not constitute consideration for any transaction subject to tax.

In 6 key points

How it affects those involved

This ruling clarifies that financial contributions made by partners in a co-production agreement are not taxable as a supply of goods or services, provided they do not represent payment for a specific service or the transfer of rights.

Lifecycle

2016-10-18PublishedPublished 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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