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V0709-25 ·15 April 2025 ·consulta-vinculante Low impact
Tax

Tax deduction for fixed assets investments in Canary Islands governed by Law 61/1978

A consultancy firm asks whether the tax deduction for fixed asset investments in the Canary Islands should be applied under Law 61/1978 following the recent Supreme Court ruling. The DGT confirms that, due to the absence of a substitute regime, the system under Law 61/1978 and its 1982 Regulation must be followed.

In 6 key points

How it affects those involved

Businesses in the Canary Islands must continue applying the tax deduction rules set out in Law 61/1978 and its 1982 Regulation, as no alternative regime has been established.

Lifecycle

2025-04-15PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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