Noticias del sector abogados en Las Palmas de Gran Canaria

04 Jul The European Commission extends to 30% the accumulation limit of regional operating aids for companies in the Canary Islands.

Until now, the total sum of aids from fiscal incentives of the Canary Islands Investment Reserve (RIC), the Deduction for Investments in Canaries (DIC), the Canary Islands Special Zone (ZEC), the allowance for production of goods in the Canary Islands, the tax on imports and deliveries to the Canary Islands (AIEM) and the aids to the transport of industrial goods could not exceed the limit of 17,5% of the annual net revenues obtained by an entity in the Canary Islands if it was considered part of the industrial sector, or 10% of said revenues for other sectors.

The modification of the General Block Exemption Regulation that has been approved extends the limit to 30% of the annual net revenues obtained by an entity in the Canary Islands for all sectors, and it applies retroactively to January 1 of 2015.

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