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 fixed amounts, as well as with respect to the applicable joint maximum limit.
Regarding the LIS see Law 27/2014, of November 27, on Corporate Tax.
Note: Please note that the new deduction for business contributions to corporate social security systems in article 38 ter of the LIS is applied in the Canary Islands without any special features. For this reason, for its application, see the comments on it in the " General regime of deductions " of the section "Deductions for incentives and stimuli to business investment in economic activities in direct estimation" of this chapter.