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Practical Handbook for Companies 2025.

c. Completion of the table “Special system of the reserve for investments in the Canary Islands (Law 19/1994)” (page 22 of form 200)

The entities that have applied the RIC In any tax period beginning within the years 2020 to 2025 inclusive, they must complete this table as indicated below:

1. Paragraph «RIC»

  • In the column "Pending materialization" RIC at the beginning of the period» The amounts by which the taxable base of the years 2020 to 2024 was reduced will be recorded, due to the reserve for investments in the Canary Islands that at the beginning of the period have not yet materialized in any of the investments referred to in letters A, B, B bis, C and D and the fifteenth Additional Provision of article 27.4 of Law 19/1994.

  • Columns "Applied/materialized in this settlement" will be completed:

    • In the column «Planned investments letters A and B art. 27.4 and DA 15 Law 19/1994», the amount of those amounts by which the taxable base of the previous years was reduced since 2020 (accounted for in the following years) must be recorded, which have materialized in the tax period subject to declaration, in any of the investments provided for in letters A and B of article 27.4 and in the fifteenth Additional Provision of Law 19/1994.

    • In the column «Investments planned letters B bis, C and D art. 27.4 and DA 15 Law 19/1994», The amount of those amounts by which the taxable base of the previous years was reduced since 2020 (accounted for in the following years) must be recorded, which have materialized, in the tax period subject to declaration, in any of the investments provided for in letters B bis, C and D of article 27.4 and in the fifteenth Additional Provision of Law 19/1994.

    • In column "Early investments considered materialization of the RIC in this settlement " the amount of those investments made in previous periods or in this same period that are considered early materialization of the RIC in this fiscal year must be recorded.

    • In the column «Integrated into BI for failure to comply with requirements» The amounts allocated in periods prior to the RIC that gave rise to the reduction of the tax base and that, as a result of non-compliance with any of the requirements established in article 27 of Law 19/1994, must be integrated into the tax base of the tax period subject to declaration will be recorded.

      Remember:

      In the tax period in which the non-compliance occurs, these amounts must be included in the box [00403] "Reserve for investments in the Canary Islands (Law 19/1994)" on page 13 of Form 200.

  • In column "Pending RIC materialization at the end of the period" the amount of the amounts that reduced the tax base and that remain pending materialization at the end of the period must be recorded. According to the provisions of article 27.4 of Law 19/1994, the amounts allocated to the RIC must be materialized within a maximum period of three years, counted from the date of accrual of the tax corresponding to the year in which it was provided.

  • In the box [00927] «Amount of the RIC allocation charged to profits from 2025», the amount by which the taxable base was reduced in the tax period subject to declaration must be stated due to having made the allocation to the reserve for investments in the Canary Islands (accounted for in the following year charged to the profits of said year), in accordance with the limit and other conditions established in article 27 of Law 19/1994.

    The amount entered in this box [00927] must match the negative adjustment in box [00404] "Reserve for investments in the Canary Islands (Law 19/1994)" on page 13 of form 200.

    Remember:

    Corporate Taxpayers who make the corresponding reduction to the reserve for investments in the Canary Islands , will be required to submit within the deadline established for submitting the Corporate Tax return, the informative declaration approved by Order HAP /296/2016, of March 2, which approves model 282 "Annual informative declaration of aid received within the framework of the Economic and Fiscal Regime of the Canary Islands and other state aid, derived from the application of European Union Law."

2. Paragraph «Early investments»

  • In the column "RIC funding pending at the beginning of the period"The advance investments of future allocations to the RIC that were made in the 2022 to 2024 fiscal years, with respect to which, at the beginning of the period, the RIC had not yet been allocated, will be recorded and will be charged against the profit of subsequent fiscal years. 

  • In the column «Planned investments letters A and B art. 27.4 and DA 15 Law 19/1994»The amount of advance investments made in the 2025 financial year pending future allocations to the reserve for investments in the Canary Islands will be recorded (even if the latter are charged to the profits of the 2025 financial year). An early investment is one made prior to obtaining the profit from which the RIC will be allocated, regardless of whether the first allocation of the RIC is made from profits from the year in which it was invested or whether the allocation for that year covers or does not cover the total amount of the early investment. This box will contain the investments made during 2025 in any of those referred to in letters A and B of article 27.4 and in the fifteenth Additional Provision of Law 19/1994.

  • In the column «Investments planned letters B bis, C and D art. 27.4 and DA 15 Law 19/1994», the amount of the advance investments made in the 2025 financial year pending future allocations to the reserve for investments in the Canary Islands must be recorded (even if the latter are charged to the profits of the 2025 financial year). An early investment is one made prior to obtaining the profit from which the RIC will be allocated, regardless of whether the first allocation of the RIC is made from profits from the year in which it was invested or whether the allocation for that year covers or does not cover the total amount of the early investment. This box will contain the investments made during 2025 in any of those referred to in letters B bis, C and D, of article 27.4 and in the fifteenth Additional Provision of Law 19/1994.

  • In the column "RIC allocation pending at the end of the period" The amount of advance investments of future allocations to the RIC that have been made and that, at the end of the period, are still pending to allocate the RIC with the benefit of subsequent years must be recorded. These allocations must be made using profits obtained within the period of validity of the Regulations (EU) Commission Regulation (EU) No 651/2014 of 17 June 2014, by which certain categories of aid are declared compatible with the internal market in application of Articles 107 and 108 of the Treaty, or the rule that replaces it.

    Remember:

    In the tax period in which the advance investments are made, the materialization and its financing system must be communicated together with the Corporate Tax return (see point 1d) of the section "Documentation to be submitted before the declaration» of Chapter 1 of this Practical Manual).