Standout New Spanish Tax Incentives Spark Immediate Reactions from Big International Producers
variety.comEmiliano De Pablos It’s been a short time since the Spanish government launched a new increase in its international film and TV productions incentives.
This bold move has rapidly put Spain at the level of the most attractive international shoot locales. In 2020, in the middle of the pandemic, Spain already saw a muscular rise in tax breaks, but the really killer hike came last December, with new record tax advantages, which raised relief for international productions to up to €20 million ($21.2 million) per movie and – even more transcendent – $10.6 million for any single series episode.
Early positive effects were confirmed March 15 at a presentation held at the Malaga Film Festival, as part of the fast expanding and ambitious Mafiz-Spanish Screenings industry zone.
There, leading executives from top Spanish film commissions and offices shared the enthusiastic reactions by key international players and a work overflow due to the increasing demand for information for shooting in Spain, which suggest a bigger than ever foreign interest.
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