“It has been approved the Spanish General State Budget for the year 2017 that will incorporate news in the field of taxation:

• Corporate income tax: it modifies the deduction for investments in film productions, audio-visual shows and live performances.
• Value Added Tax: it reduces the tax rate applicable to cultural performances and prescription glasses framing.
• Tax on Capital Transfers and documented legal Acts: it updates the scale that taxes the transfers and rehabilitation of titles of nobility to 1%.
• Hydrocarbons tax: It reduces the amount of the fees to be returned for diesel oil used in agriculture and stockbreeding”.

Access the regulation here