Skip to content
V0746-23 ·28 March 2023 ·consulta-vinculante Medium impact
Tax

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

A lawyer in the Canary Islands has requested clarification on whether hiring staff on a part-time basis or through trainee contracts qualifies for the Canary Islands Investment Reserve (RIC). The Directorate-General for Tax (DGT) has ruled that when calculating the average workforce, the contracted working hours must be taken into account in relation to a full-time working week.

In 6 key points

How it affects those involved

This ruling clarifies how companies can meet the employment requirements for the RIC, specifically regarding how part-time hours contribute to the average workforce calculation.

Lifecycle

2023-03-28PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact