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Practical Guide to Income Tax 2025. Part 1.

3. Deduction for allocations to the reserve for investments in the Canary Islands

Regulations: Article 27, and additional eleventh and fifteenth provisions of Law 19/1994, of July 6, amending the Economic and Fiscal Regime of the Canary Islands

  1. a) Amount and limits of the deduction
  2. b) Requirements for the application of the deduction
  3. c) Investments where the amounts destined for the RIC must be materialized
  4. d) Amount of the materialization
  5. e) Incompatibilities
  6. f) Advance investments of future endowments
  7. g) Information to be provided in the personal income tax return