Chart: Deduction for investments in the Canary Islands
Investments that remain in the Canary Islands, made by natural persons who carry out economic activities in the Canary Islands and determine their returns in direct estimation, may benefit from the General Regime of deductions 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 assets or real estate investments used for economic activities.
| Investment modalities | 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 per 100 37 per 100 (additional) |
60 percent or 90 percent, in general for the Canary Islands 70 per 100 or 100 per 100 (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 performing arts and musical shows (art. 36 LIS ): | In Spanish productions of feature films, cinematographic short films and audiovisual series (art. 36.1 LIS) | 54/45 per 100 | |
| In foreign productions of feature films or audiovisual works -due to execution expenses carried out in Spanish territory- (art. 36.2 LIS) | 54/45 per 100 (excluded from the joint limit) | ||
| In live performances of performing and musical arts -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 person/year | ||
| For investments in West African territories [art. 27 bis.1.a) Law 19/1994] | 15/10 per 100 | 25 percent or 50 percent | |
| For propaganda and advertising expenses [art. 27 bis.1.b) Law 19/1994] | 15/10 per 100 | 25 percent or 50 percent | |
| For investments in the acquisition of fixed assets | 25 percent |
50 per 100 individual and 70 per 100 set 60 per 100 individual and 80 per 100 set (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 percent or 90 percent) are raised, respectively, to 70 percent and 100 percent, when the Community regulations on state aid so require. allows and is about investments contemplated in Law 2/2016, of September 27 and other laws of measures for the organization of the economic activity of these islands. (Back)
(2) For the islands of La Palma, La Gomera and El Hierro, the joint limits of 50 percent (individual) and 70 percent (joint) are raised to 60 percent and 80 percent, respectively, when the community aid regulations State allows it and these are investments contemplated in Law 2/2016, of September 27 and other laws of measures for the organization of the economic activity of these islands. (Back)