Deductions of up to 45%
Tenerife is a very competitive market within the European framework to carry out creative and cultural productions, such as films, series, documentaries and advertisements, thanks to Local industry, with a high level of specialised training, quality services, and tax incentives (REF). In the Canary Islands, the deduction incentive for investment in Spanish productions stands at 40-45%, while the incentive for foreign productions was set at 40%. Both incentives have a refund limit of €5.4 million.
