Marbella Mountain Resorts for International Shootings
Spain increases tax incentives for international shootings up to 30%
The Spanish government has just approved an excellent improvement in tax incentives to attract international shootings, at the proposal of the Spanish Film Commission and other entities in the Spanish audiovisual sector. This puts the sector among the most competitive in the world.
The Decree-Law approving measures to support the cultural sector in dealing with the situation arising from COVID-19 includes, in its third final provision, the increase in tax incentives for international shootings.
THE REFUND PERCENTAGE INCREASES FROM 20% TO 30% FOR THE FIRST MILLION EUROS AND TO 25% FOR THE REST OF THE EXPENSE IN SPAIN AND RAISES THE MAXIMUM REFUND LIMIT TO 10 MILLION EUROS.
The expenses will have to be at least 1 million euros. They will be for creative staff with tax residence in Spain or in another state of the European Union, with a limit of 100,000€ per person and in technical and supplier services. The crisis generated by the stoppage of shootings after the declaration of the State of Alarm has meant the suspension of more than 300 shootings throughout the territory, with the consequent loss of jobs and the economic impact on the audiovisual industry. This increase will allow big-budget projects, which in the past have been limited to production in Spain, to consider shooting in the country.
With this reform, Spain is positioned as one of the most competitive and profitable shooting destinations for the international industry, along with Estonia, France, Ireland, the United Kingdom, Malaysia, Canada and the Dominican Republic among the most outstanding.
As announced by the Government, filming movies and series is scheduled to resume on May 11.
Regarding the health safety of film shootings, the Spanish Film Commission works with institutions and professional associations, such as Marbella Mountain Resorts, in a handbook of tips and best practices to help ensure that the activity is safe for all workers in the industry, and it will be available soon.
One key measure proposed by the Spanish Film Commission to revive the industry, which the government has also taken up, is promoting the Spanish Audiovisual Hub. When mobility restrictions are lifted, both in the country and in the issuing markets, the hub will function as a tractor for large-scale audiovisual projects.
We wish to highlight the role of Mr. James Costos, as Spain Film Commission Honorary Ambassador, who sent to the President of the Spanish Government a letter also signed by the President of the Spain Film Commission, Carlos Rosado, requesting the adoption of this critical measure. This announcement joins the Minister of Culture’s announcement to advance in the formation of the Spanish Audiovisual Hub, which will strengthen the Spanish audiovisual sector.
HBO Filming at one of our properties, Ronda Mountain Resort
