Table: Deduction for investments in the Canary Islands
Investments that remain in the Canary Islands, made by individuals who carry out economic activities in the Canary Islands and determine their returns by direct estimation, may be eligible for the General Deduction Regime provided for in the LIS with the specific percentages and limits indicated in the following table:
Note: This deduction is incompatible with the deduction for investment in new elements of tangible fixed assets or real estate investments related to economic activities.
| Types of investments | Percentage of deduction | Joint 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 percent 37 percent (additional) |
60% or 90%, generally for the Canary Islands 70 percent or 100 percent (for the islands of La Palma, La Gomera and El Hierro) (1) |
| In technological innovation (art. 35.2 LIS) | 45 percent | ||
| For investments in film productions, audiovisual series and live shows of performing and musical arts (art. 36 LIS ): | In Spanish productions of feature films, short films and audiovisual series (art. 36.1 LIS) | 54/45 percent | |
| In foreign productions of feature films or audiovisual works - for execution costs incurred in Spanish territory - (art. 36.2 LIS) | 54/45 percent (excluded from the joint limit) | ||
| In live shows of performing arts and music -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 per person/year | ||
| For investments in West African territories [art. 27 bis.1.a) Law 19/1994] | 15/10 percent | 25 percent or 50 percent | |
| For advertising and publicity expenses [art. 27 bis.1.b) Law 19/1994] | 15/10 percent | 25 percent or 50 percent | |
| For investments in the acquisition of fixed assets | 25 percent |
50% individual and 70% group 60% individual and 80% group (for the islands of La Palma, La Gomera and El Hierro) (2) |
|
Notes:
(1) For the islands of La Palma, La Gomera and El Hierro, the joint limits (60% or 90%) are raised to 70% and 100% respectively, when the Community regulations on State aid so permit and the investments are covered by Law 2/2016, of 27 September, and other laws on measures to regulate the economic activity of these islands. (Back)
(2) For the islands of La Palma, La Gomera and El Hierro, the joint limits of 50% (individual) and 70% (joint) are raised to 60% and 80%, respectively, when the Community regulations on State aid so permit and the investments are contemplated in Law 2/2016, of 27 September, and other laws on measures to regulate the economic activity of these islands. (Back)