03-05-2019 11:00

News

Sitges Festival sponsors enjoy especial tax benefits until the end of 2019

The Ministry of Culture, via the sponsorship law that supports activities of public interest, rewards all companies participating in the Festival’s promotion

The celebration of the 50th anniversary of the Sitges – International Fantastic Film Festival of Catalonia in 2017 was considered an Event of Special Public Interest by the Spanish government. It is a recognition that offers notable tax benefits to corporate partners and collaborators during the 2017, 2018 and 2019 editions.

The tax advantages are the maximum established in article 27.3 of the Law 49/2002, which takes into account the tax regime of non-profit entities and sponsorship incentives. These benefits are applicable, retroactively, starting 1 January 2017 and until 31 December 2019. In other words, all those companies that join in as Festival sponsors in 2019 will still be able to take advantage of these benefits. This is an ideal and unique opportunity for the country’s companies to become a part of and celebrate together the fiftieth anniversary of the world’s number one fantastic film festival.

Tax benefits via the sponsorship law

Article 22 of the Law 49/2002 establishes that those activities that are considered priorities for sponsorship can increase by five % the percentages and limits of the deductions established in the Corporate Income Tax and Personal Income Tax.

The participation of sponsors and collaborators in promoting the Event of Special Public Interest can be done in several ways. By assigning advertising space to the Festival, with a special informative coverage of the event or publicizing the event’s image and logo in the collaborator’s own advertising medium: television commercials with the logo “DOG”, mentioning the event on the radio, or simply placing the logo in the press, billboards, stands, fairs or in the collaborator’s own digital media.

The Sitges Film Festival offers you the possibility of giving different types of support, according to the financial contribution of each company. From main sponsor to sponsor or collaborator, there is a wide range of options which fit to all types of companies. The Festival’s Department of Patronage and Sponsorship is at the disposal of any company interested in further information.

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