1.5% of its income will be used to finance public television

The Authorities recovers the ‘Netflix fee’, a tax to assist finance Spanish public television (RTVE) that started to be talked about in 2016 and that two years in the past was on the desk once more.

The Secretary of State for Telecommunications has began the session for a draft invoice with the goal of approving it initially of subsequent 12 months. Among the many measures, it’s established that streaming firms similar to Netflix, HBO or Amazon should assist finance RTVE with 1.5% of its annual income in Spain.

The Authorities consists of streaming companies within the ‘RTVE fee’

The choice to embrace streaming companies has various over the months. In November of final 12 months, the identical Secretary of State for Telecommunications and Digital Infrastructures introduced a Preliminary Mission the place the financing of RTVE was not contemplated. However there was a change of thoughts and These streaming companies will have to pay as pay TVs already do. or audiovisual teams.

Though they invoice exterior of our nation, streaming firms should pay 1.5% of their income in Spain to assist finance public television. This will have an effect on the biggest streaming companies that supply their companies in Spain.

Different firms that already assist finance RTVE are operators similar to Telefónica, Vodafone, Orange or Másmóvil. Nonetheless, it was the case that they paid twice, as soon as for his or her position as an operator and once more for providing content material. On this new blueprint This double taxation will be averted and an exception is added to operators that perform 5G community deployments. In different phrases, the operators will not have to pay 1.5% however they will proceed to have to contribute 0.9% for the use of the radioelectric spectrum.

In accordance to sources from the Secretary of State, the calculations are made in order that “The financing that RTVE receives stays secure”. What will be misplaced from the provider exemption will be offset by funding from streaming firms.

As well as to the modifications, funding for European cinema continues. These platforms with revenues in Spain larger than 50 million euros they need to allocate 5% to finance European cinema.

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