{"id":22835,"date":"2025-01-02T15:30:24","date_gmt":"2025-01-02T15:30:24","guid":{"rendered":"https:\/\/sodepal.es\/?p=22835"},"modified":"2025-01-02T15:32:30","modified_gmt":"2025-01-02T15:32:30","slug":"las-inversiones-en-el-love-festival-y-el-blue-experience-permiten-por-primera-vez-revertir-a-sodepal-incentivos-fiscales-por-valor-750-000-euros","status":"publish","type":"post","link":"https:\/\/sodepal.es\/en\/las-inversiones-en-el-love-festival-y-el-blue-experience-permiten-por-primera-vez-revertir-a-sodepal-incentivos-fiscales-por-valor-750-000-euros\/","title":{"rendered":"Investments in the Love Festival and the Blue Experience allow Sodepal to receive tax incentives worth 750,000 euros for the first time."},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"22835\" class=\"elementor elementor-22835\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a31ad79 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a31ad79\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-46d91ac\" data-id=\"46d91ac\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b2de91 elementor-widget elementor-widget-text-editor\" data-id=\"9b2de91\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"field field--name-field-noticias-entradilla field--type-text-long field--label-hidden field--item\"><h4>Sergio Rodr\u00edguez stresses that it was the management of the Isla Bonita Love Festival and the Blue Experience that made it possible to save this important amount and to recover approximately a third of the investment made.<\/h4><\/div><div class=\"field field--name-body field--type-text-with-summary field--label-hidden field--item\"><p>The Cabildo de La Palma, through the Sociedad de Promoci\u00f3n y Desarrollo Econ\u00f3mico y Social (Sodepal), has paid into its accounts a total of 750,000 euros from the management of tax incentives associated with investment in major cultural events, such as the Isla Bonita Love Festival and the Blue Experience.<\/p><p>This is the first time that the public company has been able to take advantage of these mechanisms, which endorses the different management of Sodepal promoted by the current Island Government Group.<\/p><p>The island's president, Sergio Rodr\u00edguez, emphasises that it has been possible to obtain this important amount by taking advantage of these tax incentives, with a series of steps that had never been taken before, despite the fact that during the last term of office there was already the possibility of taking advantage of this figure and reverting important amounts back to the public coffers.<\/p><p>For this reason, Sergio Rodr\u00edguez stresses that \"regardless of the noise from the opposition, this government group continues to work to improve the management of the public company, adding tax incentives that had not been worked on until now\".<\/p><p>They are, without a doubt, a possibility that also allows economic profitability to be obtained in the investment in major cultural events, which are also social and leisure engines, having the same possibilities as other sub-sectors such as cinema. Thus, Sodepal can add these amounts to the development of its projects, which transform the island's economy.<\/p><p>In this way, Sergio Rodr\u00edguez stresses, it also opens up the possibility for these big events that take place on La Palma to have other types of sponsorship from outside the public institutions, which can also benefit from this type of tax advantages, as the island's Cabildo and Sodepal have done.<\/p><p>It is through Article 39 of the Corporate Income Tax Act that deductions generated by investments in live performances of performing arts and music can be carried forward in exchange for amounts of financing to cover all or part of the production costs, as well as advertising and promotion expenses borne by the production.<\/p><p>In this way, one of Sodepal's objectives, the promotion and encouragement of the cultural sector, is strengthened with the management of these tax incentives, which reinforce the public company's commitment to major events that also allow other projects for La Palma to be promoted.<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Sergio Rodr\u00edguez stresses that it was the management of the Isla Bonita Love Festival and the Blue Experience that made it possible to save this important amount and recover approximately a third of the investment made. The Cabildo de La Palma, through the Sociedad de Promoci\u00f3n y Desarrollo Econ\u00f3mico y Social (Sodepal), has paid in ... <a title=\"Investments in the Love Festival and the Blue Experience allow Sodepal to receive tax incentives worth 750,000 euros for the first time.\" class=\"read-more\" href=\"https:\/\/sodepal.es\/en\/las-inversiones-en-el-love-festival-y-el-blue-experience-permiten-por-primera-vez-revertir-a-sodepal-incentivos-fiscales-por-valor-750-000-euros\/\" aria-label=\"Read more about Investments in the Love Festival and the Blue Experience allow Sodepal to receive tax incentives worth 750,000 euros for the first time\">Read more<\/a><\/p>","protected":false},"author":1,"featured_media":21608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-22835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v27.4) - 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