Brussels, 20/05/2014 (Agence Europe) - On Monday 19 May, the European Commission announced that it had decided a week ago that changes to a Spanish cinema support scheme providing tax deductions for cinema and audiovisual productions comply with EU state aid rules.
The amendments concern a) reduction of the tax deduction for producers from 20% to 18%; b) expansion of the deduction's scope to post-production costs (for promotion, publicity and making copies) at a maximum of 40% of production...