Spain pandemic shootings economy Spain

New Incentives Supercharge Spain’s Hopes for the Future

Reading now: 244
variety.com

Emiliano Granada Amidst a global pandemic that presented governments with a clear ethical dilemma between protecting their citizens’ well-being and the heartbeat of the economy, Spain’s government announced last May a robust hike in tax incentives that converted its tourism-driven economy into eye candy for big shoots and international productions.Now, Spain’s film and TV industries are digesting its consequences: What are the foreseeable effects of the tax spike for locals in the still partially unforeseeable future?Unveiled May 5, Spain’s new incentive rulings raises the cap on investors’ 25%-30% tax credits for Spanish shoots and local-spend rebates for visiting international productions from €3.28 million ($4.0 million) to €10.8.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA