The Netflix production company in Spain almost triples its tax payment after raising its billing by 53%

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Los Gatos Entertainment SpainSLthe Netflix production company in Spain that operates the studio complex that the company has built in Tres Cantos, almost tripled his tax paymentof societies in Spain in 2022 with 713.243 euroscompared to just over 253,000 euros the previous year.

According to the accounts deposited in the Mercantile Registry this Monday to which he has had access THE WORLD, The company increased its income by 53% in the year, up to 27.2 million euros with a net profit of just over two million euros, 55.7% higher than in 2021.

The bulk of the economic activity of Los Gatos Entertainment is based on invoicing its parent company (its own Netflix) the audiovisual services it performs in Spain. However, the company also added almost three million euros to its coffers as a sublease of the Tres Cantos studios to other companies.

At the end of November, the company inaugurated the expansion of the studios, which add up to an area of 22,000 square meters and constitute their biggest shooting set in the European Union. According to his figures, around 40 production companies have used the space.

To contribute to the growth of society, Netflix injected 3.5 million euros last July. The cats In the last one, it considerably increased its workforce, going from 50 to 75 employees.

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