SANTA CRUZ DE TENERIFE, Nov. 3 (EUROPE PRESS) –
The Government of the Canary Islands has expressed this Thursday its favorable opinion on the draft Law of the General State Budgets for the year 2023, in what concerns the modifications foreseen in the REF Law and in the regulations of the Canary Indirect General Tax (IGIC). ).
However, the Executive incorporates various suggestions for consideration by the state legislator and recalls that the Parliament of the Canary Islands has promoted a legislative initiative in the Spanish Courts in relation to triangular trade in the ZEC.
The Executive reports favorably on the modifications required by the fifth final provision of the budget project in the articles that regulate the specialties of the taxation of the ZEC entities in the Corporation Tax, on the one hand, and the determination of the part of the tax base of the Corporation Tax corresponding to operations carried out effectively and materially in the geographical scope of the ZEC.
The Government of the Canary Islands appreciates the reform in the field of triangular trade in the ZEC, although it intends to make this legal reform retroactive for the tax periods initiated from the registration of the companies in the Official Registry of Entities of the Zone Special Canaria, “out of respect for the principles of legal certainty and legitimate expectations”.
In addition to other purely technical aspects related to the provision of air services and intellectual or industrial property rights on computer applications, the Executive also reports favorably on the thirteenth final provision of the bill, which specifies the cases in which aircraft contribute to improving the connections of the Canary Islands.
