The Best of What Spain Offers: 10 Reasons to Shoot There
Emiliano De Pablos Ten reasons why Spain is a favorite for big-budget productions: Up to 70% Tax Incentives In 2020, a tax break hike catapulted Spain into the top echelon of destinations for big international shoots. Its mainland offers a competitive 30% tax rebate for the first €1 million ($1 million) of spend and 25% for further expenditure, capped at $10.1 million. In the Canary Islands, the rebates reach 50% for the first $1.1 million and 45% thereafter, with a $19.4 million ceiling. The Basque Country’s Bizkaia province looks set to offer tax breaks up to 70% beginning in 2023. One thing are these figures, another the general international industry take that the tax breaks and rebates are reliable, in contrast to someplace around the world.