At the end of 2022, the Lower House of Parliament approved the law that establishes temporary taxes on energy companies, banks and finance companies, creating a 'Temporary Solidarity Tax on High Net-Worth Individuals'. This modifies certain tax regulations that directly affect deductions applicable to international filming, and places our country in a much more competitive position on the international market.

According to the Spain Film Commission, the final provisions of the new regulations include  three substantial modifications to sections 1 and 2 of Article 36 on Corporation Tax, which regulate tax incentives for audiovisual productions in Spain from 1 January 2023.

-The deduction limit is increased from 10 to 20 million euros per production (Art. 36.1 and 36.2)

-In the case of audiovisual series, the deduction will be determined on a per-episode basis, with a limit of 10 million euros per episode (Art. 36.1 and 36.2).

-The 100,000-euro ceiling per person for expenditure on creative personnel has been removed (Art. 36.2).

A suspension clause has been introduced to allow for compliance with the requirement to notify the European Commission of the amendments made, and their response regarding compatibility with European Union law.

These changes represent a substantial improvement in Spain's competitiveness as a destination for filming and audiovisual investment, boosting its capacity to attract major productions and increasing both the time spent filming in our country and the spending of those who choose us as a destination.

In fact, the improved incentive for audiovisual series positions Spain as the most attractive destination in the European Union, and one of the best in the world, for this type of production.

^{Source: Spain Film Commission
Read the full news article: News - Spain Film Commission (shootinginspain.info)}