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Practical Manual of Companies 2021.

Scope

They are entitled to this deduction:

  • Entities that meet the requirements established in article 108 of RDLeg. 4/2004 and pay taxes in accordance with the tax scale provided for in article 114 of said regulation.

  • Entities that pay taxes in accordance with the tax scale provided for in the twelfth Additional Provision of the RDLeg. 4/2004.

Keep in mind:

The application of this deduction is incompatible with the application of the freedom of amortization, with the deductions to encourage the performance of certain activities, with the deduction for investments regulated in article 94 of the Law 20/1991, of June 7, modifying the fiscal aspects of the Fiscal Economic Regime of the Canary Islands, and with the Reserve for investments in the Canary Islands regulated in article 27 of Law 19/1994, of July 6, modifying the Economic and Fiscal Regime of the Canary Islands.