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Practical Handbook for Companies 2021

Deduction for investments in West African territories and propaganda and publicity expenses (art. 27 bis Law 19/1994)

Entities subject to Corporate Income Tax with tax domicile in the Canary Islands whose net turnover in the immediately preceding tax period is equal to or less than 10 million euros and with an average workforce in said period of less than 50 people, will be entitled to make a deduction of 15 per cent from their gross tax liability for investments in West African territories and for propaganda and advertising expenses, under the terms established in Article 27 bis of Law 19/1994, of 6 July, amending the Economic and Fiscal Regime of the Canary Islands.

You can consult the particularities of this deduction in Chapter 12 "Régimen fiscal de Canarias" of this Practical Manual.