Summary table of the types of deduction for investments in the Canary Islands
| Deduction modalities | Percentages of deduction | Limits | |
|---|---|---|---|
| Research and development expenses (art. 35.1 LIS ) | 45/75, 6/28 per 100 37 per 100 (additional) |
60/90 by 100 70/100 by 100 (La Palma, La Gomera and El Hierro as of 7/11/2018) |
|
| Technological innovation expenses (art. 35.2 LIS) | 45 percent | ||
| Spanish film productions (art. 36.1 LIS) (1) | 54/45 per 100 | ||
| Production and exhibition of live performing and musical arts shows (art. 36.3 LIS) (2) | 40 percent | ||
| Job creation for workers with disabilities (art. 38 LIS) | 9,000/12,000 euros (person/year increase) 11,700/15,600 euros (from 7 /11/2018) |
||
| Investments in fixed assets | 25 percent |
50/70 per 100 |
|
| Foreign film productions (art. 36.2 LIS) |
54/45 per 100 |
12.4 million euros | |
| Investments in West African territories and propaganda and advertising expenses (art. 27 bis Law 19/1994) | 15/10 per 100 | 25/50 per 100 | |
Notes to the table:
(1) The Fourteenth Additional Provision of Law 19/1994 establishes, with effects for the tax periods that begin during the year 2020 , a specific limit for this deduction, indicating that its amount may not exceed 12.4 million euros , in the case of productions made in the Canary Islands. (Back)
(2) The Fourteenth Additional Provision of Law 19/1994 , with effects for the tax periods that begin during the year 2020, establishes a specific limit for this deduction, indicating that its amount may not exceed 12.4 million euros, in the case of expenses incurred in the Canary Islands. Likewise, this provision establishes with respect to the minimum amount of expenditure established by letter a) of article 36.2 of the LIS, that the expenses carried out in the Canary Islands for animation of a foreign production must be greater than 200,000 euros . In relation to the execution of visual effects services , as provided in letter b) of article 36.2 of the LIS , when the producer responsible for the execution of visual effects services, the expenses incurred in the Canary Islands must be less than 1 million euros . (Back)