9.8.2.2.6. 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 and who make investments for the establishment of subsidiaries or permanent establishments in Morocco, Mauritania, Senegal, Gambia, Guinea Bissau and Cape Verde to deduct:
- 15% when the net amount of turnover in the immediately preceding tax period is equal to or less than 10 million euros and the average workforce in said period is less than 50 people.
- 10% when the net turnover does not exceed 50 million euros and the average workforce is less than 250.