Culture

We connect culture and business.

We’ve been doing this for over ten years. We provide financial resources and specialized legal, tax, and labor support to those who produce or manage cultural projects. At the same time, we connect brands and companies with the best initiatives in the cultural industry so they can benefit from tax incentives for their investment.

+1,300 entertainment projects
+75M in managed investments (2023)
+900 companies benefited

Tax Incentives for Cultural Investments

Commit to culture.

The legal framework governing the tax deduction for investments in audiovisual productions and live performances, as set forth in Article 36.3 of the Corporate Income Tax Law (LIS), provides a tax deduction for companies that invest in culture and a source of financing for the promoter or producer.

This arrangement allows the company to claim a deduction equal to 120% of the amount invested in the cultural project. A “cultural project” is defined as one with an official certificate from the INAEM (for live performances) or the ICAA (for audiovisual projects).

What do we offer companies that invest in culture?

Full recovery of the amount invested
A minimum return of 20%, reducing the tax burden on corporate income tax (IS) or individual income tax (IRPF)
Certificate from the Ministry
Option for private insurance through FAMCultura
The investment is made after the event takes place, thereby ensuring the tax deduction.
Estimated completion within 6–12 months.

For the cultural industry

Music, performing arts, and audiovisual productions.

Every sector has its own way of operating, producing, and sustaining itself. We know this—we’ve been supporting and advising cultural promoters since 2016. We understand these differences and offer tailored solutions for each case, ranging from legal to financial matters.

Advice on legal, labor, tax, and accounting matters
Support with business management and legal structures
Support with fundraising and financing
Services tailored to creators, companies, production companies, and cultural managers

Frequently Asked Questions

We'll give you a straight answer.

What does the tax incentive under Article 36.3 of the Corporate Income Tax Law (LIS) entail?

Article 36.3 of the Corporate Income Tax Law allows promoters of live performing arts and musical events to claim a 20 % tax deduction on a wide range of production-related expenses (artistic, technical, promotional, etc.).

What makes this incentive unique is that it is transferable to third parties; in other words, companies or individuals can “purchase” this tax deduction, providing liquidity to the project in exchange for a tax benefit.

What benefits does this incentive offer investors or companies?

Companies can claim the deduction on their own corporate income tax return. As a result:

They recoup their investment and earn a minimum return of 20%, sometimes even higher.
They can also gain brand visibility or foster cultural ties as sponsors or patrons.
The transaction may be accompanied by tax compliance insurance to enhance legal and financial security.

Which projects are eligible?

The following groups can access this template:

Promoters of live performances: theater, music, dance, circus, etc.
Audiovisual producers, through other tax incentives set forth in Articles 36.1 and 36.2.
Entities or creators with a legal structure suitable for managing the deduction (associations, foundations, companies, etc.).

Who is eligible for these incentives?

Developers and producers: They obtain upfront liquidity by selling tax credits.
Companies and investors: They can apply the deduction to their taxes (corporate or income tax), recovering at least an additional 20% of its cost.

What is advance funding, and how does it work at Carrillo Cultura?

Carrillo Cultura, through its subsidiary FAM Capital, allows event organizers to receive an advance on the funds associated with the tax incentive, even before the event has taken place or the expense has been incurred.

The process is as follows:

The incentive is structured from a legal and tax perspective.
An investor or company interested in claiming the deduction is brought on board.
FAM acts as an intermediary and can provide that liquidity using its own funds or through its network of investors.
The promoter thus receives part of the financing before the event, which facilitates production, hiring, and promotion.

What types of expenses are tax-deductible?

For live performances, deductible expenses include:

Artists' and technicians' fees.
Production, set design, sound, and lighting.
Promotion and distribution costs.
Management expenses, royalties, venue rentals, etc.

Important: You must have a certificate from the INAEM and meet the formal requirements set by the Tax Agency.

What is the profile of the interested investor?

Companies that pay taxes in Spain and wish to optimize their tax situation.
Companies with CSR policies or a cultural brand.
Investors interested in patronage or sponsorship who also seek a financial return guaranteed by law.

Are there any regional incentives or tax deductions available?

Yes. For example, in Bizkaia, Provincial Law 9/2022 raises the deduction to 30–40 % for live performing arts and musical performances, with a limit of 1 million € per taxpayer, exceeding the national maximum of 500,000 €.