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Practical Income Manual 2022.

A. Deductions from the Corporate Tax Law applicable in the Canary Islands

Regulations: Art. 94 and 94 bis Law 20/1991, of June 7, modifying the fiscal aspects of the Economic Fiscal Regime of the Canary Islands.

The following deductions provided for in the LIS are applicable in the Canary Islands with increases both in the corresponding deduction percentages and in the amounts set, as well as with respect to the applicable joint maximum limit.

Regarding LIS see Law 27/2014, of November 27, on Corporate Tax.

  1. Application in the Canary Islands of the deductions of articles 35 and 36 LIS
  2. Application in the Canary Islands of the deduction of article 38 LIS
  3. Deductions not applied in the year due to insufficient quota
  4. Joint limit of deductions of articles 35, 36 and 38 LIS in the Canary Islands