Deductions not applied in the year due to insufficient quota

Regulations: Fourth transitional provision of Law 19/1994, of July 6, amending the Economic and Fiscal Regime of the Canary Islands

With effect from 1 January 2015, the fourth transitional provision of Law 19/1994 has been amended by Royal Decree-Law 15/2014, of 19 December, amending the Economic and Tax Regime of the Canary Islands (BOE of 20) to establish that non-deductible amounts (including the balances of deductions pending application as of 1 January 2015) may be applied, subject to the limits applicable to them, in the settlements of the tax periods ending in the next 15 years.