Box 00029 Special system Canary Islands

This box will be checked by those entities to which the special tax regime of the Canary Islands applies. In particular, entities that apply the special regime of the Canary Islands Special Zone, entities that apply the bonuses referred to in articles 26 and 76 of Law 19/1994, of July 6, amending the Economic and Fiscal Regime of the Canary Islands, entities that apply the deductions for investments in the Canary Islands referred to in this same Law, and entities that have set aside the reserve for investments in the Canary Islands provided for in article 27 of this legal text and are entitled to a reduction in the tax base for this concept or, where appropriate, have failed to comply with the requirements that gave them the right to this reduction in previous tax periods and must include in the tax base of the tax period being declared the reduction in the tax base improperly applied.

This box must be checked whenever any of the sections of form 200 relating to the reserve for investments in the Canary Islands or the deductions for investments in the Canary Islands provided for in Law 20/1991, of June 7, modifying the fiscal aspects of the Economic Fiscal Regime of the Canary Islands and in Law 19/1994, of July 6, modifying the Economic Fiscal Regime of the Canary Islands, are completed, as they are regulated in the special regulations of the Canary Islands and the Information on tax benefits is required by the European Commission.

You can consult the particularities of the Canary Islands tax regime in Chapter 12 of this Practical Manual.