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Practical Income Manual 2021.

3. Deduction for contributions to the Reserve for Investments in the Canary Islands

Regulations: Art. 27 and Eleventh Additional Provision Law 19/1994, of July 6, modifying the Economic and Fiscal Regime of the Canary Islands.

  1. a) Amount and limits of the deduction
  2. b) Requirements for the application of the deduction
  3. c) Investments where the amounts destined for the RIC must be materialized
  4. d) Incompatibilities
  5. e) Anticipated investments of future endowments
  6. f) Information to be provided in the personal income tax return