Phi ecosystem
explore tax efficiencies tailored to your domestic,
co-production or international production model within
Mainland Spain
30%
REBATE
Appliable to the initial € 1000,000 of qualifying expenditure
25%
REBATE
Appliable to all qualifying expenditure exceding the initial € 1000,000 thresholds
Domestic & Co-Productions
Strategic investment in Spanish productions, encompassing feature films, short films, and series across the fiction, animation, and documentary genres.
ELEGIBLE STAKEHOLDERS
The benefit extends to both the principal domestic production entity and the qualified financial contributor from Spain.
DEDUCTION BASE
The base is comprised of the aggregate production cost, supplemented by expenditure related to masters, advertising, and promotion. These secondary costs are collectively capped at 40% of the total deduction base.
Domestic productions & co-productions
Strategic investment in Spanish productions, encompassing feature films, short films, and series across the fiction, animation, and documentary genres.
TERRITORIAL EXPENDITURE REQUIREMENTS
To maintain eligibility, a minimum of 50% of the deduction base must consist of expenditure incurred within the Spanish territory.
REGULATORY COMPLIANCE
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Certification: Acquisition of the required Certificates of Nationality and Cultural Character.
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Archival Deposit: Mandatory delivery of a master copy to the Filmoteca Española or the relevant regional cinematographic archive.
CO-PRODUCTIONS
Incentive allocations are apportioned to each individual producer in strict accordance with their respective equity participation percentage.
FISCAL TRESHOLDS & CAPS
The cumulative value of tax credits and public subsidies is generally limited to 50% of the total production cost. This ceiling may be elevated for specific qualifying projects:
Enhanced Support (80% – 85%)
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Short-Form Narratives: Eligibility increases to 85%.
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Emerging Talent: 80% for directors on their first or second feature film (with a budget threshold of €1.5M).
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Linguistic Diversity: 80% for productions filmed entirely in a co-official Spanish language other than Castilian.
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Inclusive Direction: 80% for productions led exclusively by directors with a recognised disability (≥33%).Strategic Initiatives (75%)
Strategic Initiatives (75%)
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Female-Led Productions: 75% for works directed exclusively by women.
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Documentary & Animation: 75% for documentary features and animation (the latter subject to a €2.5M budget cap).
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Cultural Significance: 75% for works of exceptional artistic value requiring bespoke financial support.
International Collaborations (60%)
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Cross-Border European Ventures: 60% for multi-state EU productions.
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Ibero-American Co-productions: 60% for strategic partnerships with Ibero-American jurisdictions.
MAXIMUM DEDUCTION THRESHOLDS
The total tax relief is subject to a statutory cap of €20M per feature-film productions and €10M per episodic series.
EXTRA REBATE: NAVARRA!
35% Rebate: On the first €1M (Special cases reaching a 45% rebate on the first €3M). To qualify a minimum spend of 40% is required in Navarra (Sub-40% spend triggers a pro-rata).
COMPANY NAME
Domestic and international productions, including co-productions hosted in mainland Spain, are eligible for substantial tax incentives. These fiscal advantages are structured through a robust system of tax credits and deductions, designed to bolster the competitiveness of the Iberian audiovisual sector and attract high-calibre global investment.
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International productions
Strategic qualifying spend deployed across Spain to facilitate the delivery of premier international features, episodic series, and diverse content across the fiction, animation, and documentary sectors.
ELEGIBLE STAKE HOLDERS
Producers officially registered with the ICAA’s Administrative Registry of Cinematographic Companies acting as the designated production service providers for international projects.
DEDUCTION QUANTY
The deductible base is strictly capped at 80% of the total production cost—established at €2 million in this instance. This requirement functions as a regulatory safeguard, aligning the incentive ceiling with the actual expenditure deployed within Spanish territory to ensure fiscal proportionality.
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30% Rebate: Applicable to the initial €1 million of qualifying expenditure.
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25% Rebate: Applicable to all qualifying expenditure exceeding the initial €1 million threshold.
DEDUCTION BASE
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Creative Talent Expenditure: Costs related to creative personnel, contingent upon the individual maintaining tax residency within Spain or an European Economic Area (EEA) Member State.
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Technical Services & Vendor Procurement: Expenditure derived from the engagement of technical industries and diverse service providers; encompassing, inter alia, executive production, production design, wardrobe and costume, camera rentals, technical crew, principal photography, and logistical transport.
TERRITORIAL EXPENDITURE REQUIREMENTS
Minimum local expenditure is subject to a €1 million threshold, whereas a reduced entry point of €200,000 applies specifically to animation works deployed within Spanish territory.
The standard €1 million local expenditure threshold is subject to a specific exemption for projects where the producer is exclusively engaged in the delivery of Visual Effects (VFX) services. In such instances, the production qualifies for a tax rebate equivalent to 30% of the qualifying expenditure incurred as part of the deductible base.
REGULATORY COMPLIANCE
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Mandatory registration of the Executive Producer within the ICAA’s Administrative Registry of Cinematographic and Audiovisual Companies. While explicitly stipulated for international productions, this registration remains a sine qua non condition for domestic entities seeking to qualify for certificates, subsidies, and broader fiscal measures provided under the Spanish Cinema Act in coordination with the ICAA.
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Securing the formal Certificate of Cultural Character, issued by the Institute of Cinematography and Audiovisual Arts (ICAA)."
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Statutory Acknowledgments: The production must feature a specific credit in the final roll-crawl citing the applicable tax incentive and formally acknowledging the collaboration of all Spanish agencies directly involved in principal photography or production. Furthermore, the credits must explicitly identify the specific filming locations within Spain or, in the case of animated works, the designated production studios.
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IP Rights & Promotional Authorization: Rights holders are required to grant comprehensive authorization for the use of the project’s title, as well as associated press, graphic, and audiovisual assets. This grant must explicitly encompass depictions of specific filming locations or production processes undertaken within Spain, enabling the development of cultural and tourism-focused promotional initiatives both domestically and across international jurisdictions.
FISCAL TRESHOLDS & CAPS
In aggregate with all other subsidies and grants received by the producer, the total value of this deduction is capped at a 50% aid intensity threshold relative to total production costs. This ceiling ensures regulatory parity with the framework governing domestic productions, as previously outlined.
Furthermore, Article 45 of the Corporate Tax Regulations mandates two additional quantitative criteria for international productions, which must be strictly observed when structuring these deductions:
Global Production Minimum: Projects eligible for the aforementioned tax relief, regardless of their nature, must maintain a minimum total production cost of €2 million. This threshold is assessed against the comprehensive global budget, encompassing expenditure incurred both within Spanish territory and across international jurisdictions.
Strategic Fiscal Objectives: The framework is intentionally structured to incentivise high-calibre international productions of significant scale. To this end, the deductible base is strictly capped at 80% of the total production cost. By implementing this secondary ceiling, the regulation ensures precise alignment between the tax relief claimed and the actual capital deployed within Spanish territory, maintaining rigorous fiscal proportionality.
MAXIMUM DEDUCTION THRESHOLDS
The total tax relief is subject to a statutory cap of €20M per feature-films production and €10M per episodic series narrative.
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