Deduction for activities related to technological innovation
Regulation:Article 35.2 LIS
The increased percentages of Article 94.1 a) of Law 20/1991, do not apply to this deduction , since the thirteenth additional provision of Law 19/1994 establishes that 45 percent will apply to the deduction for technological innovation activities that are carried out in the Canary Islands and meet the criteria established for these deductions in Article 35.2 of the LIS.
However, the deduction for technological innovation activities continues to be applied in the Canary Islands in accordance with the deduction system in force at the time of the repeal of Article 26 of Law 61/1978 with the special features introduced by Article 94 of Law 20/1991.Therefore, although the thirteenth additional provision of Law 19/1994 establishes that the provisions of Article 94.1.a) of Law 20/1991 on increased rates do not apply to this deduction, does apply the increased limits of Article 94.1. b) of Law 20/1991, so this deduction would be subject to the joint limit of 60/90 or 70/100 (La Palma, La Gomera and El Hierro) percent.
In the event that the taxpayer exercises the option provided for in Article 39.2 of the LIS, these deductions will not be subject to the joint limit of 60/90 or 70/100 (La Palma, La Gomera and El Hierro) per cent established in Article 94.1 b) of the LIS.