The Minister of Finance of the Government of the Canary Islands, Matilde Asián, announced this Wednesday that her department is studying the establishment of tax benefits based on objective criteria for residents of the non-capital islands, as compensation for the extra costs derived from double insularity.
In response in a parliamentary commission to the PP deputy Juan Manuel García Casañas, the minister pointed out that in other autonomous communities, such as Castilla-La Mancha, Extremadura, Murcia, or Madrid, tax benefits are applied in disadvantaged areas, although they are not established by specific territories, but rather through objective criteria.
Based on these examples, "we are studying what those objective criteria could be to establish tax benefits aimed at residents of non-capital islands who meet certain requirements, so that they can receive more favorable tax treatment than the rest of the taxpayers," she stated.
The minister recalled that the Canary Islands have already requested the State to extend the bonus on Income Tax applied in La Palma to La Gomera and El Hierro.
Regarding this request, she indicated that there is still no official response and pointed out that the La Palma case responds to a volcanic emergency, while the disadvantages of the rest are due to structural circumstances.
Asián recalled that in the Economic and Fiscal Regime (REF) there are measures that favor the non-capital islands, such as specific advantages for setting up in the Canary Special Zone.
She also mentioned the extraordinary and temporary bonus on fuels to compensate for the higher price on the non-capital islands.
Canaries proposes a more favorable taxation for residents in Lanzarote and other non-capital islands
Matilde Asián details the Treasury's proposal to alleviate the tax burden in Lanzarote and other non-capital islands due to double insularity
