Canary Islands Investment Reserve
The reserve for investments in the Canary Islands (hereinafter, RIC) is a tax incentive that allows entities subject to Corporation Tax (except those excluded by article 27 and the Twelfth Additional Provision of Law 19/1994, of July 6), the reduction in the taxable base of the amounts that, in relation to their establishments located in the Canary Islands, they allocate from their profits to the reserve for investments in the Canary Islands in accordance with the provisions of article 27 of Law 19/1994, of July 6, modifying the Economic and Fiscal Regime of the Canary Islands.
Keep in mind:
When applying this reduction, the following must be taken into account: special conditions relating to the accumulation control of aid provided for in the Additional provisions first to fourth of Royal Decree-Law 15/2014, of December 19, modifying the Economic and Fiscal Regime of the Canary Islands.