9.10.3.2 Deduction for income derived from the sale of tangible assets produced in the Canary Islands
Amount
50% of the part of the full quota reduced, if applicable, in the amount of the deduction for the Reserve for Investments in the Canary Islands, in the part that proportionally corresponds to the income derived from the sale of tangible assets produced in the Canary Islands by the beneficiaries of the deduction.
Requirements
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That the tangible goods produced in the Canary Islands derive from the exercise of agricultural, livestock, industrial and fishing activities, provided that, in the latter case, deep-sea fishing is landed in the Canarian ports and manipulated or transformed in the archipelago.
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That the taxpayers are domiciled in the Canary Islands. If taxpayers are domiciled in other territories, they must dedicate themselves to the production of the aforementioned goods in the Canary Islands through a branch or permanent establishment.
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That they determine their returns in a direct estimation regime.
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That the net returns eligible for bonuses are positive.
This bonus regulated in article 26 of Law 19/1994 is not applicable to income derived from the sale of tangible assets produced in the Canary Islands, typical of shipbuilding activities, synthetic fibers, the automobile industry, steel industry and the manufacturing industry. coal.
Completion
The completion will be done in box 0558 of section M of the declaration "Calculation of the tax and result of the declaration".