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Practical Manual for Companies 2020.

Amount and deduction limits

For tax periods beginning on or after January 1, 2020, the amount of the deduction will be the result of applying the following percentages to the deduction base:

  1. From 30 percent with respect to the first million of the deduction base and from 25 percent on the excess of said amount (20 percent until 31-12-2019).

    The deduction will be applied provided that the expenses incurred in Spanish territory are at least 1 million euros. As new , in the case of animation productions such expenses will be at least 200,000 euros.

    The amount of this deduction may not exceed 10 million euros (3 million until 31-12-2019), for each production carried out.

    The amount of this deduction, together with the rest of the aid received by the contributing company, may not exceed 50 percent of the cost of production.

  2. As a new feature , a new deduction percentage of 30 percent of the deduction base is introduced, when the producer is in charge of the execution of visual effects services and the expenses incurred in Spanish territory are less than 1 million euros .

    The amount of this deduction may not exceed the amount established by Commission Regulation ( EU ) 1407/2013, of December 18, 2013, relating to the application of articles 107 and 108 of the Treaty on the Functioning of the European Union to minimis aid.

This deduction is excluded from the limit referred to in the last paragraph of article 39.1 of the LIS . Therefore, this deduction will not be computed for the purposes of calculating said limit.