Tax incentives

The Canary Islands enjoy a specific tax regime due to their geographical situation regarding mainland Spain. In order to promote economic and social development on the islands, the Canaries offer some very attractive advantages which are successfully applied to film production.

In the Canaries there is up to 54% deduction on the first million spent on the islands and 45% from the second million, capped at 36 million euros for feature films and 18 million euros per episode for series (so the maximum deduction base is 79.8 million € for feature films).