The Canary Islands offer attractive tax advantages that are successfully applied to audiovisual production thanks to the Economic and Fiscal Regime of the Canary Islands (REF) within the legal framework of the EU and Spain.

• Deduction for investment in foreign productions:
• Up to 54% of the first million euros when eligible expenses in the Canary Islands exceed 1,900,000 euros.
• 50% tax rebate on the first million euros of deductible expenses and 45% tax rebate on the remaining expenses.
• The maximum deduction base is 36 million euros per audiovisual work and 18 million euros per chapter in the case of series.
• 0% VAT