Chapter 12.Canary Islands tax system

Entities applying the Canary Islands tax regime, in addition to the provisions of the general corporate income tax regulations (contained in Chapter 5 and in Chapter 6 of this Manual relating to the settlement of the tax), must take into account the special features described below.

• Deduction for investments in the Canary Islands
• Canary Islands Investment Reserve
• Full tax relief
• Canary Islands Special Zone Entities (ZEC)
• Special regime for ships and shipping companies in the Canary Islands