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Practical Handbook for Companies 2021

Deductions to encourage certain activities

Entities with tax domicile in the Canary Islands, are entitled to apply the deductions regulated in Chapter IV of Title VI of the LIS for the investments made and which remain in the Canary Islands, with the special features set out in Article 94 of Law 20/1991, of 7 June, amending the tax aspects of the Canary Islands Economic Tax Regime, consisting of the application of percentages and deduction limits increased with respect to those established in the General Deductions Regime.