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V2749-20 ·9 September 2020 ·consulta-vinculante Medium impact
Tax

Canary Islands investment tax relief does not apply if the vehicle is susceptible to use by related parties

A Canary Islands company has requested clarification on whether the purchase of a 4x4 vehicle and its maintenance costs qualify for Canary Islands investment tax relief and Corporate Tax deductions. The Directorate General for Taxes (DGT) has ruled that the investment deduction is not applicable if the vehicle can be used by persons related to the company.

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2020-09-09PublishedPublished 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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