Tax incentives
BASQUE COUNTRY
Designed for Spanish nationality films and series (including international co-productions) and international production services, the Basque Government allows us to provide a 60% tax credit through the Gipuzkoa fiscal incentive for all production costs spent in the Basque territory, provided that a minimum of 50% of the total budget is spent in the Basque Country. If spending falls within the range of 35-50%, the tax credit decreases to 50%.
Through Soul Pictures’ experienced fiscal structure, which involves the most reliable agents and investors in the country, we complement the financing of any project that aligns with the guidelines.
CANARY ISLANDS
We offer foreign productions a 54% rebate on the first million spent on eligible costs (including European talent & HODs, Spanish crew & providers, and expenses such as extras, wardrobe, art, hotels, transport, per diems, and post-production in the Canary Islands), and a 45% rebate on the remaining expenses spent in the Canary Islands, with no cap. A minimum spend of one million euros and a total budget of two million euros are required.
NAVARRA
Navarra offers one of the most competitive tax incentives in Spain for audiovisual productions, supported by a strong network of investors. Investments can benefit from a 45% deduction on eligible production costs.
This incentive applies to productions that obtain the Spanish nationality certificate, including international co-productions.
The tax incentive covers all production costs up to the standard copy or digital master, as well as expenses related to promotion, advertising, preservation supports, exhibition copies, and the audit report, subject to certain established limits.
To qualify for the deduction, at least 40% of the investment must be spent in Navarra. The maximum aid amounts to 5 million euros, and the sum of deductions and other grants cannot exceed 50% of eligible costs, except in special cases where it can rise to up to 85% (first-time features, films directed by women, short films, films in Euskera, or low-budget productions).
MAINLAND SPAIN
Spain offers a tax incentive program designed to encourage private investment in Spanish national films and TV fiction, including co-productions. Investors can receive a 25% tax deduction (30% for the first million) on investments in films and TV fiction projects based in mainland Spain, with a maximum benefit of €20 million per project. For TV fiction, there is a pending cap of €10 million per episode. In the region of Navarra, the tax deduction increases to 35%.
Contact
Connect with us to explore how we can collaborate on your next film project
San Sebastian Office
Pl. Cigarreras, 1 Planta 3
20012 San Sebastian
Barcelona Office
Ptge Parc 25C 3º1ª
08390 Barcelona
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