Canary Islands – The audiovisual world is one of the strategic sectors for the diversification of the economy and the creation of more jobs requiring qualifications in the Canary Islands. Let us not forget that the islands have their own special tax regime, and one of the most powerful tax incentives in the whole of Europe: the Canary Islands Special Zone (ZEC). A considerable ecosystem of audiovisual companies has been consolidated under the ZEC regime, where animation films and video games have great potential. However, within the value chain of the companies of this sector, many links can be carried out under this low taxation regime. Indeed, companies that are part of the ZEC have a 4% tax rate on their Corporate Tax, and these include businesses specialised in production, post-production and audiovisual distribution, videogames, animation films and cartoons, photography, edition, rendering and streaming and services provided to film production… Leer más CanariasZEC and the audiovisual sector
