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V0745-23 ·28 March 2023 ·consulta-vinculante Medium impact
Tax

Part-time employment is eligible for the Canary Islands Investment Reserve (RIC)

A query was raised regarding whether hiring an individual on a part-time basis through a training contract is eligible to satisfy the requirements of the Canary Islands Investment Reserve (RIC). The Directorate-General for Legal Certainty (DGT) ruled that, when calculating the average workforce and its subsequent increase, employees must be accounted for in accordance with labour legislation, taking into account their contracted hours in relation to a full-time working week.

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2023-03-28PublishedPublished 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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