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Form 100. Personal Income Tax Declaration 2021

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 constitution of subsidiaries or permanent establishments in Morocco, Mauritania, Senegal , Gambia, Guinea Bissau and Cape Verde deduct:

  • 15% when the net amount of the 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 amount of turnover does not exceed 50 million euros and the average workforce is less than 250 people.