Highlights of the General Canarian Budget 2019 – Effective 1st January 2019 1.       General IGIC has been lowered from 7% to 6,5% 2.       0,7% has been lowered to 0,65% for the importation of products subject to the general IGIC of 6,5% 3.       In 2018, the new regime REPEP began, which applied an exemption of IGIC […]

Tax Incentives for Film Production in the Canary Islands.  The Canary Islands offer a range of attractive tax advantages within the legal framework of the EU and Spain. This makes the Canary Islands one of the best places to film in Europe as in addition to the above, the islands boast great climate, superb natural […]

Special Regime for Small Businesses or Professionals The Canarian Official Bulletin last Saturday published the Law of General Budgets of the Canarian Autonomous Community for 2018, among whose provisions is the introduction in the regulations governing the IGIC of the “Special regime for small businesses or professionals”, whose main characteristics are: – Sales or services […]