Taken straight off your invoice up front. We carry the rebate claim and the two-year wait — you get 50% of the value as cash today, with zero exposure.
The full rebate flows to you. We handle the filing, certification and compliance for a 10% administration fee (€10,800). Funds arrive up to 18 months after wrap.
Indicative estimate only, not financial or tax advice. Canary Islands deduction (Art. 36.2 LIS): 54% on the first €1M and 45% on the remaining eligible spend, capped at €36M per feature. Minimum eligible spend is €200,000 for post-production, VFX and animation carried out in the Canary Islands (€1M for full live-action productions). The deduction is capped at €36M per feature. All routes require an ICAA-registered Canarian production company and a cultural certificate. Final figures depend on qualifying spend and certification.
Of the tax-credit base, and 45% above that figure (previously a 40% flat rate applied, while mainland Spain returns 30% on the first €1M).
Minimum spend is €200,000 for pre- and post-production on animation and visual effects made in Spain (the minimum remains €1 million in other cases).
The deduction is capped at €36 million per feature film, and €18 million per episode for series.
The expenses that qualify are the costs of creative personnel resident in the EU (max €50,000 /person/year) and those arising from the use of technical industries and other suppliers.
In general, the intensity level allowed is 50% of the production budget. An individual analysis of the specific conditions, costs and location is required to minimise the impact of that intensity limit on the subsidies.
On a case-by-case basis The Refinery is able to finance part of the VFX and post-production budget.
