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V1468-18 ·30 May 2018 ·consulta-vinculante Medium impact
Tax

RIC materialisation is valid if investment occurs within three years, even if the project starts operating later

A query was raised regarding whether complex projects requiring execution periods exceeding the Canary Islands Investment Reserve (RIC) deadline may be eligible. The DGT ruled that the investment must effectively be carried out within the three-year period, even if the project becomes operational at a later date due to objective circumstances.

In 6 key points

How it affects those involved

This ruling provides legal certainty for long-term infrastructure or complex projects in the Canary Islands, confirming that the timing of the investment itself, rather than the commencement of operations, is the decisive factor for RIC compliance.

Lifecycle

2018-05-30PublishedPublished 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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