On 12 May 2014, the European Commission has found amendments to a Spanish scheme allowing to grant tax deductions for cinema and audio-visual productions to be in line with EU state aid rules.

The modifications concern a) a reduction of the tax deduction for producers from 20% to 18%; b) an expansion of the deduction's scope to post-production costs (for promotion, publicity and making copies) at a maximum of 40% of production costs; and c) an authorisation of the scheme for 6 years, from 1 January 2014 until 1 January 2020.

Informatiesoort: Nieuws

Rubriek: Europees belastingrecht

H&I: Previews


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