Emiliano De Pablos As coronavirus ravaged Spain in April, the country’s central government took one significant step toward building for a post-COVID future.
The COVID-19 pandemic has sparked — paradoxically — a new bullishness in Spain’s international production industry.On May 5, Spain’s government greenlit a critical hike to tax breaks for Spanish and international productions, suddenly and significantly increasing the country’s competitiveness as a film and TV location destination.Tax rebates for international shoots — and also tax credits for Spanish nationality productions — were increased from 25% to 30% for the first €1 million ($1.1 million) spend in the country and from 20% to 25% thereafter, capping a shoot’s total tax deduction.
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