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Spain: EC approves tax deduction scheme for cinematographic and audio-visual projects in Spain

Description

On 22 December 2020, the EU approved one EUR 300 million (approx. USD 365.6 million) Spanish state aid measure that establishes two tax deduction mechanisms for the production of cinematographic and a...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

22 Dec 2020

Revocation date

14 Aug 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Products

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