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Practical Handbook for Companies 2021

Rebates for income derived from the sale of tangible assets produced in the Canary Islands

In the box [00563] "Allowance for income from sales of tangible goods produced in the Canary Islands (art. 26 Law 19/1994)" on page 14 of form 200, the amount corresponding to the allowance of 50 per cent of the gross tax liability corresponding to the income derived from the sale of tangible goods produced in the Canary Islands by themselves, from agricultural, livestock, industrial and fishing activities, provided that, in the latter case, the deep-sea fishing is landed in Canary Islands ports and is handled or processed in the archipelago, must be entered.

You can consult for the particularities of the application of this rebate in Chapter 12 "Canary Islands Tax Regime" of this Practical Manual.