9.8.2.2.7. Deduction for investments in West African territories

The deduction for investments in West African territories regulated in article 27 bis of Law 19/1994, allows those taxpayers who carry out economic activities in the Canary Islands a deduction percentage of 15 percent in the event that the net amount of the turnover in the immediately preceding tax period is equal to or less than 10 million euros and with an average workforce in said period of less than 50 people, and a percentage of 10 percent when the net amount of the turnover does not exceed 50 million euros and the average workforce is less than 250, to be paid in the full quota for investments in the constitution of subsidiaries or permanent establishments in Morocco, Mauritania, Senegal, Gambia, Guinea Bissau and Cape Verde.