Basis, percentages and limits of the deduction

1. Deduction base

The basis for the deduction will be the direct costs of an artistic, technical and promotional nature incurred in said activities.

The deduction generated in each tax period may not exceed the amount of 500,000 euros per taxpayer .

2. Applicable percentages

The applicable deduction percentage will be 20 percent on expenses incurred during the tax period in the production and exhibition of live performing arts and musical shows.

3. Limits

The amount of the deduction, together with any subsidies received by the taxpayer, may not exceed 80 percent of said expenses .