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Practical Manual for Companies 2020.

Deduction for investments in production and exhibition of live performing arts and musical shows

Regulation: Article 36.3 LIS

  • To apply the deduction for expenses incurred in the Canary Islands in the production and exhibition of live performing arts and musical shows, entities must meet the general requirements established for these deductions in article 36.3 of the LIS (see Chapter 6 of this Manual).

  • The deduction percentages established in article 36.3 of the LIS will be increased according to the provisions of article 94.1 a) of Law 20/1991, so the rate of 40 percent will be applied.

  • The Fourteenth Additional Provision of Law 19/1994 establishes a specific limit for this deduction, indicating that its amount may not exceed 900,000 euros when it concerns expenses incurred in the Canary Islands.