The Canary Islands Government has decided to eliminate the General Indirect Tax of the Canary Islands (IGIC) on masks for sale to the public, changing it from 3 percent to zero.
This will be approved this Thursday by the Canary Islands Government Council at the proposal of the vice president, Román Rodríguez, as announced this Wednesday by the Ministry of Finance, Budgets and European Affairs through a statement.
In this way, the masks sold in establishments to the public will have the same tax consideration as the material already destined for Public Law entities, clinics or hospitals, or private entities or establishments of a social nature.
The Government will specify the aforementioned measure by modifying the decree-law already approved last April - and extended twice - by which type 0 of the IGIC was established in the import or delivery of sanitary material, such as masks, to combat the effects of Covid-19. The measure will be in force, at least, until December 31, 2021.
Rodríguez explained that the elimination of the IGIC is carried out to maintain the tax differential between the Canary Islands and the State after the decision announced by the central Government to reduce the VAT on this product from 21 percent to 4 percent. The ultimate goal of setting the 0 tax rate is to reduce the final retail price.
