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V1264-15 ·27 April 2015 ·consulta-vinculante Medium impact
Tax

Sale of electricity produced in the Canary Islands qualifies for 50% Corporation Tax relief

A company requested clarification on whether photovoltaic energy production in the Canary Islands qualifies for the relief applicable to the sale of tangible goods and how to calculate the yield. The DGT ruled that electricity is considered a tangible good and that the yield is determined by subtracting necessary operating expenses from sales revenue.

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2015-04-27PublishedPublished 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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