Requirements

• In order to be able to apply this deduction, it will be necessary to make investments in the Canary Islands in new elements of tangible fixed assets, excluding land, affected by the development of the economic exploitation of the entity.

• The basis for the deduction will be the purchase price or production cost.

• To enjoy the deduction for investments, it will be a requirement that the elements remain in operation in the company of the same taxpayer for 5 years , except that their useful life according to the amortization method, of those admitted by Law, that is applied, is less.

• same investment may give rise to application of the deduction in more than one .

• Investments made under a financial leasing regime may be eligible for this deduction, with the exception of buildings.