Reduce your Corporate Tax with the cultural tax incentive
Deduct up to 120% of what you contribute to certified cultural productions and save ~20% net on your Corporate Tax bill. We work hand in hand with your tax advisor — we don't replace them.
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01 · The incentive
The incentive, in numbers
Deduction on the amount contributed (Art. 39.7 LIS)
Net tax saving on the amount contributed
Limit on gross tax liability per fiscal year
To apply any excess deduction
Illustrative example. The actual saving depends on your tax liability. The deduction applies against the tax due, not against the taxable base.
02 · Limited allocation
Reserve your allocation before it runs out
The deduction volume available each fiscal year is limited. Don't wait until year end.
- Now — reserve your allocation with the tax assessment
- Before the fiscal year closes — you sign and make the contribution
- Corporate Tax return — you apply the deduction against your tax due
03 · Who it fits
Designed for companies with a high Corporate Tax bill
Professional company and partners
Corporate Tax for the company + income tax for the partners: two tax fronts to optimise.
High margins and cash flow
A high tax bill that turns into a deduction.
Stable tax bill every year
A deduction you can apply fiscal year after fiscal year.
Optimised structure
Turns part of the tax due into recurring savings.
Corporate Tax due > €50,000/year
That's where the incentive delivers its full effect.
04 · How it works
From decision to deduction, in four steps
Your company, your tax advisor and Hulahoop take part.
- 01
Tax assessment
We look at your estimated Corporate Tax due for the year and you confirm the fit.
- 02
Closed simulation
We give you the amount to contribute, the deduction and the net saving based on your actual position.
- 03
Your advisor validates
We provide the technical package (legal basis and tax authority guide) for their sign-off.
- 04
Signature and deduction
You sign, contribute within the fiscal year and the deduction is applied in your tax return.
05 · Legal framework
A consolidated deduction with legal backing
- Legal basis
- Articles 36 and 39.7 of the Spanish Corporate Tax Law (LIS), consolidated since 2021 and validated by the European Commission (Nov. 2023).
- Deduction
- Up to 120% of the amount contributed (financier, Art. 39.7). Net saving ~20%.
- Tax liability limit
- Capped at 25% of gross tax due (extendable to 50%). Any excess carries forward 15 fiscal years.
- Verticals
- Film, audiovisual, festivals, music and performing arts.
- Certification
- ICAA (audiovisual) and INAEM (performing arts/music), under the Ministry of Culture.
Frequently asked questions
Is there a limit on my tax due?
What if the project doesn't perform?
Can the tax authority review it?
What does it cost my company?
How are you different from a consultant?
How long does the process take?
Shall we talk?
Request your tax assessment
We look at your company's tax position, estimate your saving and explain how we work. If you prefer, put us directly in touch with your advisor. No strings attached.