Spain has a long tradition of big international shoots. More recently, there’s been a production renaissance: “Wrath of the Titans,” “Game of Thrones,” “House of the Dragon” and “Vampire Academy,” …
has a long tradition of big international shoots. More recently, there’s been a production renaissance: “Wrath of the Titans,” “Game of Thrones,” “House of the Dragon” and “Vampire Academy,” among many others, have chosen Spain. One key driver is tax incentives.
No less important, the incentive cap per shoot was raised from €3 million to $10.1 million. The minimum production budget to trigger incentives was set at $2.02 million; a $1.01 million minimum expenditure in Spain qualifies a shoot for incentives. At the same time, the Canary Islands established a 50% tax rebate, with a $19.4 million ceiling.
To tie down the country’s tax advantages, it is essential to hire a Spanish service production company — subsidiaries of top international production houses in the country are not eligible for tax incentives.
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