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TAX CREDIT

Canary Islands Enhanced Film Tax Incentive

Canary Islands Government (ZEC Special Tax Status)
Last verified 5 Apr 2026 · 197 days ago
54%
Cap per project
€2M
Min qualifying spend
€1M
Max public funding
50%
Sessions/year
1
Payment timing
12 months
Reliability
Good
Bankability
Not bankable

Key questions

How much does Canary Islands Enhanced Film Tax Incentive pay?

Canary Islands Enhanced Film Tax Incentive pays 54% of eligible local spend in Spain, capped at €2M per project. Minimum qualifying spend is €1M. Public funding is limited to 50% of the budget. It is not bankable.

Who is eligible for Canary Islands Enhanced Film Tax Incentive?

Canary Islands Enhanced Film Tax Incentive is open to feature films, TV series, documentaries and animation with a territorial link to Canary Islands. Eligible structures include official co-productions and service productions shooting in the territory. Projects must pass a cultural test. Minimum 1 million euros spent in Canary Islands, minimum 2 million euro production budget, must contract local ICCA-registered producer, 50% of deduction base must be Spanish expenditure for Spanish productions.

When is the next Canary Islands Enhanced Film Tax Incentive deadline?

Canary Islands Enhanced Film Tax Incentive accepts applications on a rolling basis, so there is no fixed deadline; decisions are taken in 1 sessions a year.

How do you apply for Canary Islands Enhanced Film Tax Incentive?

Applications for Canary Islands Enhanced Film Tax Incentive go to Canary Islands Government (ZEC Special Tax Status) through its online application portal. Payment usually follows about 12 months after completion. PULPSCREEN last verified these details on 5 Apr 2026.

Rate conditions

↑ 54%First 1 million euros of eligible expenditure under certain requirements

Funding tracks

Foreign Productions
Tax rebate for foreign productions
54%
Spanish Productions
Tax credit per investment in Spanish productions
54%

Territorial spend requirement

Different requirements for animation (200K EUR minimum)

50% of grant in regional spendMin €1,000,000 in territory

Overview

Explorar los casos de éxito de producciones en Canarias. Consulta nuestro directorio de profesionales y empresas audiovisuales para completar tu proyecto. Infórmate de la ventajas fiscales de rodar en las Islas Canarias con Canary Islands Film.

Eligible formats

feature filmtv seriesdocumentaryanimation

Eligibility

Minimum 1 million euros spent in Canary Islands, minimum 2 million euro production budget, must contract local ICCA-registered producer, 50% of deduction base must be Spanish expenditure for Spanish productions

● Co-production eligible● Service work eligible● Cultural test required● VFX eligible
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Source: Canary Islands Government (ZEC Special Tax Status) · verified 5 Apr 2026