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Practical Manual of Companies 2022.


  • In order to practice this deduction it will be necessary to make investments in the Canary Islands in new elements of tangible fixed assets, excluding land, used for the development of the operation economic of the entity.

  • The basis of the deduction will be the acquisition price or production cost.

  • It will be a requirement to enjoy the investment deduction 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 in the Law, that is applied, was lower.

  • A same investment may not give rise to the application of the deduction in more than one entity.

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