Doctrine by topic · DGT Observatory

Deduction for Investments: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 10 rulings · 2014–2020

Current position

The deduction for investments in fixed assets in the Canary Islands is applied to the tax liability (cuota íntegra) of the taxpayer (or of the tax consolidation group). New tangible fixed assets must remain in the Archipelago and be used for the business for five years. In the audiovisual field, creative personnel expenses are eligible with a limit of 50,000 euros per person, whereas administrative expenses are excluded.

The DGT's position remains constant regarding the application of limits on the tax liability (cuota íntegra) and the requirement for assets to remain in the Canary Islands. The concepts of eligible expenditure for the audiovisual sector and the incompatibility of this deduction with the Canary Islands Investment Reserve (RIC) on the same assets have been clarified.

Turning points

  1. V3217-16

    Defines the eligibility of creative personnel expenses with a limit of 50,000 euros per person and excludes administrative personnel expenses.

Analysis based on 10 of 10 rulings with a stated position. Updated 28 September 2026.

Rulings on this topic

11
V2402-15 29 Jul 2015

Canary deduction rate for foreign audiovisual productions reaches 35%

SG de Impuestos sobre las Personas Jurídicas
deducción por inversionesproducción audiovisualpersonal creativoindustrias técnicasrégimen económico fiscal de canarias LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 36.2LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 39.1
Affects CompanyExpat · Non-residentIndividual
V1675-15 28 May 2015

TRLIS applies to tax deductions for film production investments in periods starting before 2015

SG de Impuestos sobre las Personas Jurídicas
agrupación de interés económicodeducción por inversionesproducciones cinematográficascoproductor financieroimputación de deducciones TRLIS — RDLeg 4/2004 (derogado por la Ley 27/2014) art. 38.2TRLIS — RDLeg 4/2004 (derogado por la Ley 27/2014) art. 48.1
Affects CompanyExpat · Non-residentIndividual

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