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Form 100. Personal Income Tax Declaration 2021

Deductions for investments (LIS and Law 20/1991, of June 7)

Investments that are made and remain in the Canary archipelago, made by natural persons who carry out economic activities in the Canary Islands, may benefit from the general deduction regime, but subject to specific percentages and limits, which will be applied regardless of those that apply for investments covered by the general regime. These limits are calculated and applied by the program.

Investment modalitiesPercentage of deductionJoint 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 percent or 90 percent, in general for the Canary Islands

70 per 100 or 100 per 100 (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 performing arts and musical shows (art. 36 LIS ): In Spanish productions of feature films and audiovisual series (art. 36.1 LIS) 54/45 per 100
In foreign productions of feature films or audiovisual works -due to execution expenses carried out in Spanish territory- (art. 36.2 LIS) 54/45 per 100 (excluded from the joint limit)
In live performances of performing and musical arts -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 person/year
For investments in West African territories [art. 27 bis.1.a) Law 19/1994] 15/10 per 100 25 percent or 50 percent
For propaganda and advertising expenses [art. 27 bis.1.b) Law 19/1994]
For investments in the acquisition of fixed assets 25 percent

50 per 100 individual and 70 per 100 set

60 per 100 individual and 80 per 100 set (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 aid regulations State allows it and these are investments contemplated in Law 2/2016, of September 27 and other laws of measures for the organization of the economic activity of these islands.

(2) For the islands of La Palma, La Gomera and El Hierro the joint limits of 50 per 100 (individual) and 70 per 100 (joint) are raised to 60 per 100 and 80 per 100, respectively, when the community regulations State aid permits and these are investments contemplated in Law 2/2016, of September 27 and other laws on measures for the organization of the economic activity of these islands.