Skip to main content
Practical Guide to Income Tax 2025. Part 1.

g) Information to be provided in the personal income tax return

The maximum period for materializing the reserve for investments in the Canary Islands (RIC) is three years, pursuant to the provisions of article 27.4 of Law 19/1994, of July 6, amending the Economic and Fiscal Regime of the Canary Islands.

This three-year period must be counted from the date of accrual of the tax corresponding to the year in which the allocation (accounting) of the reserve occurs and said allocation in the case of natural persons may be:

  • at the close of the accounting period on December 31 of each year.

  • in the year following the year in which the profit is obtained.

The above determines that natural persons will have an effective period of three or four years to materialize the reserve for investments in the Canary Islands, depending on when they have made the accounting entry for the provision of the reserve (at the end of the financial year or in the following financial year). The design of the model responds to this duality (which does not occur in the case of Companies). PIT.

Information on allocations and materializations made in 2025 from the reserve for investments in the Canary Islands corresponding to the years 2021 to 2025 and advance investments of future allocations will be provided in accordance with the breakdown contained in the corresponding section of Annex A.4 of the declaration as follows:

Provisions and materializations carried out in 2025

  • Casillas [0733], [0735], [0738], [0742] and [0746]

    The amount of the allocations corresponding to income obtained in the Canary Islands in the years 2021 to 2025 that have been allocated to the RIC will be indicated.

  • Casillas [0734], [0789], [0792], [0794] and [0802]

    The year of the allocation will be indicated (2021 to 2025) which, as mentioned before, may be at the close of the year in which the net operating income was obtained or in the following year.

  • Casillas [0777], [0736], [0739], [0743], [0747] and [0750]

    The amount of the materializations carried out against the allocation previously declared in the investments foreseen in letters A, B, B bis and D 1 of article 27.4, and DA 15 (3 and 6) of Law 19/1994 will be indicated.

  • Casillas [0778], [0737], [0740], [0744], [0748] and [0751]

    The amount of the materializations carried out against the allocation previously declared in the investments foreseen in letters C and D 2 to 6 of article 27.4, and DA 15 (4) of Law 19/1994 will be indicated.

  • Casillas [0790], [0741], [0745] and [0749]

    The amount of each of the previously declared allocations that is pending to be materialized as of December 31, 2025, will be indicated.

Advance investments of future allocations to the reserve for investments in the Canary Islands, made in 2025

The information will be provided according to the following breakdown:

  • Box [0750].

    The amount of investments made in 2025 as an advance materialization of future allocations as provided for in article 27.4 will be indicated. A, B, B bis, D 1, and DA 15 (3rd and 6th), Law 19/1994.

  • Box [0751].

    The amount of investments made in 2025 as an advance materialization of future allocations as provided for in article 27.4 will be indicated. C and D 2 to 6, and DA 15 (4th)Law 19/1994.