Application in the Canary Islands of the deduction of article 38 LIS
Regulations: Art. 94 bis of Law 20/1991, of June 7, modifying the fiscal aspects of the Fiscal Economic Regime of the Canary Islands
Regarding the deduction for workers with disabilities in article 38 of the LIS its application in the Canary Islands is a consequence of article 94 bis of Law 20/1991, of June 7, of modification of the fiscal aspects of the Economic Fiscal Regime of the Canary Islands added, with effect from November 7, 2018, by article Two of Law 8/2018, of November 5, which modifies Law 19/1994, of July 6, modification of the Economic and Fiscal Regime of the Canary Islands ( BOE of 6).
Said article 94 bis of Law 20/1991 establishes that entities that hire a worker to carry out their activity in the Canary Islands will have the right to enjoy the tax benefits that are established by the tax regulations for job creation in accordance with the requirements therein. are established, increasing them by 30 percent.
a. Deduction amount
The deductible amounts provided for in article 38 of the LIS are increased by 30 per 100 .
Therefore:
| Investment modalities | Deductible amounts |
|---|---|
| Deduction from article 38 LIS | €11,700 For each person/year increase in the average workforce with disabilities ≥ 33% and < 65% |
| €15,600 For each person/year increase in the average workforce with disabilities ≥ 65% |
b. Requirements and conditions for the application of the deduction
Regarding the requirements and conditions determining the application of this deduction of article 38 of the LIS, your comment is contained in this Chapter in the section relating to General regime of deductions for incentives and incentives to business investment of the Corporate Tax Law.