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A catering and retail company in the Canary Islands has enquired whether purchasing new vehicles for promotion and public relations with clients qualifies for the Canary Islands Investment Reserve (RIC). The DGT has ruled that it is an eligible investment.
Companies operating in the Canary Islands can benefit from tax incentives by investing in tangible fixed assets, such as vehicles, provided they are used for business promotion and public relations.
The tax team reviews your specific situation.
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