Applicable percentages
The deduction for the acquisition of new fixed assets continues to apply in the Canary Islands in accordance with the deduction regime 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, the deduction percentage of 5 percent established in the Twelfth Additional Provision of Law 43/1995, may be increased in accordance with article 94.1.a) of Law 20/1991 . This article indicates that the rates applicable to investments made will be 80% higher than those of the general regime, with a minimum differential of 20 percentage points. In the case of this deduction, the percentage to be applied will be 25 percent , since it is the highest of the following two percentages: