Tomavision offers co-production opportunities and work services under one of the World’s most powerful TAX Incentive Scheme for Animation
Tomavision, state-of-the-art studio, offers extraordinary co-production opportunities and work services with an excellent tax rebate on expenditures. Thanks to the Canary Islands’ unbeatable TAX Incentives Program put forward by the Regional Government, under Article 36.1, Tomavision is fully prepared to assist you in taking full advantage of these resources.
Currently, we are co-producing animated TV Series under this TAX Incentive, and we would love to help you out on your productions!
40% Tax Rebate for Foreign Productions
As a company with tax residence in the Canary Islands, Tomavision is entitled to a 40% tax rebate on expenditure in Spain
The amount of the tax break (40% of eligible expenditure) is deducted from the corporate income tax in the tax period in which the production service is completed
45-40% Tax Credit Per Investment
If you invest in Spanish productions made in the Canary Islands with Tomavision as a co-producer, you will be able to obtain deduction percentages, which are 45% for the first million Euros and 40% from the second million
The deduction base consists on the total cost of production, including the cost of making copies and publicity and promotion expenses