Tax incentives for film in the Canary Islands.
We offer advice on Tax Incentives for film productions in Tenerife, Gran Canaria, Lanzarote, Fuerteventura, La Palma, La Gomera and El Hierro.
Did you know you can get Tax Incentives to film in the Canary Islands?
Call us at +34 628 546 352 / +34 626 264 451 or drop us an email at info@lashormigasnegras.com
We will be more than happy to help you!
DIRECT TAX DEDUCTION OF UP TO A 40% FOR INTERNATIONAL PRODUCTIONS
What requirements must I meet?
- An investment of at least 1 million euros to film in the Canary Islands.
- A production budget of at least 2 million euros.
- You must have a local production partner in the Canary Islands that is registered in the ICCA. For instance: Las Hormigas Negras.
- A minimum investment of 200.000 euros for animation and postproduction.
BETWEEN 40% - 45% OF TAX DEDUCTION FOR SPANISH PRODUCTIONS
What requirements must I meet?
- You must have a Canarian Certificate for Audiovisual Productions.
- At least 50% of the deduction will have to be done in Spain.
THE CANARY ISLANDS SPECIAL ZONE (ZEC) WITH A 4% IN CORPORATE TAX
Audiovisual companies can benefit from it, meeting the requirements specified by the ZEC and its advantageous tax rate.
0% IGIC (GENERAL INDIRECT CANARY ISLANDS TAX)
A 0% IGIC (General Indirect Canary Islands Tax) can be applied to feature film productions, series, documentaries and animation projects over the local indirect tax on consumption.