TAX REBATE & TAX CREDIT
TAX REBATE (Canary Islands) – We offer foreign productions a 54% rebate on the first million spent in eligible costs (including European talent, Spanish HOD’s & crew, national providers, and expenses such as extras, wardrobe, art, hotels, transport, per diems, and tech equipment), and a 45% rebate on the remaining expenses spent in the Canary Islands, capped at a deduction of €18 million.
TAX CREDIT (Basque Country) – Designed for Spanish nationality Films and Series (including international co-productions), the Basque Government allows us to provide a 60% Tax Credit through the Bizkaia fiscal incentive and a 50% credit through the Alaba fiscal incentive for all production costs spent in the territory, provided that a minimum of 50% of the total budget is spent in the region. If spending falls within the range of 35-50%, the Tax Credit increases to 50% in Bizkaia. For spending between 20-35%, the Tax Credit will be 40%.
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.