Requirements

The taxpayer may apply the deduction on the expenses incurred in the production and exhibition of live shows of performing and musical arts , provided that the following requirements are met:

• That the taxpayer has obtained a certificate to this effect, under the terms established by Ministerial Order , by the National Institute of Performing Arts and Music, under the terms established as of December 31, 2015, by Order ECD /2836/2015, of December 18 ( BOE of the 30th).

• That, of the benefits obtained in the development of these activities in the year in which the right to the deduction is generated, the taxpayer allocates at least 50 percent to carrying out activities that give the right to apply the deduction provided for in this section. The time period for meeting this obligation is from the start of the fiscal year in which the aforementioned profits are acquired, and 4 years following the close of the same fiscal year.