Deductions for investments
Investments made and maintained in the Canary Islands by individuals who carry out economic activities in the Canary Islands may be eligible for the general deduction regime, but subject to specific percentages and limits, which will be applied independently of those corresponding to investments under the general regime. These limits are calculated and applied by the program.
| Types of investments | Percentage of deduction | Joint limit | |
|---|---|---|---|
| For investments in research and development activities and technological innovation (art. 35 LIS ): | In research and development (art. 35.1 LIS) | 45/75.6/28 per 100 37 per 100 (additional) |
60% or 90%, generally for the Canary Islands 70 percent or 100 percent (for the islands of La Palma, La Gomera and El Hierro) |
| In technological innovation (art. 35.2 LIS) | 45 percent | ||
| For investments in film productions, audiovisual series and live shows of performing and musical arts (art. 36 LIS ): | In Spanish productions of feature films and audiovisual series (art. 36.1 LIS) | 54/45 percent | |
| In foreign productions of feature films or audiovisual works - for execution costs incurred in Spanish territory - (art. 36.2 LIS) | 54/45 per 100 (excluded from the joint limit) | ||
| In live shows of performing arts and music -For production and exhibition expenses- (art. 36.3 LIS) | 40 percent | ||
| For job creation for workers with disabilities (art. 38 LIS ) | 11,700/15,600 euros per person/year | ||
| For investments in West African territories [art. 27 bis.1.a) Law 19/1994] | 15/10 percent | 25 percent or 50 percent | |
| For advertising and publicity expenses [art. 27 bis.1.b) Law 19/1994] | |||
| For investments in the acquisition of fixed assets | 25 percent |
70 percent 80 percent (for the islands of La Palma, La Gomera and El Hierro) |
|
Notes:
(1) For the islands of La Palma, La Gomera and El Hierro the joint limits (60% or 90%) are raised, respectively, to 70% and 100%, when the Community regulations on State aid so permit and the investments are contemplated in Law 2/2016, of 27 September and other laws on measures for the regulation of the economic activity of these islands.
(2) For the islands of La Palma, La Gomera and El Hierro, the limit of 70% is raised to 80% when the Community regulations on State aid so permit and it concerns investments contemplated in Law 2/2016, of 27 September and other laws on measures for the regulation of the economic activity of these islands.