{"id":11851,"date":"2026-02-11T10:11:46","date_gmt":"2026-02-11T10:11:46","guid":{"rendered":"https:\/\/casilladecosta.com\/the-tax-benefits-of-living-in-the-canary-islands\/"},"modified":"2026-07-31T08:56:05","modified_gmt":"2026-07-31T08:56:05","slug":"the-tax-benefits-of-living-in-the-canary-islands","status":"publish","type":"post","link":"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/","title":{"rendered":"The Tax Benefits of Living in the Canary Islands"},"content":{"rendered":"<p data-start=\"187\" data-end=\"534\">Living in the Canary Islands is not only synonymous with great weather and stunning landscapes. It also represents a significant economic advantage thanks to its special tax regime. In this article, you\u2019ll discover how this system benefits both residents and businesses, making the archipelago a highly attractive option for settling or investing.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Tabla de contenidos<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Why_Do_the_Canary_Islands_Have_a_Special_Tax_Regime\" title=\"Why Do the Canary Islands Have a Special Tax Regime?\">Why Do the Canary Islands Have a Special Tax Regime?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Advantages_of_the_REF_for_Residents\" title=\"Advantages of the REF for Residents\">Advantages of the REF for Residents<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#IGIC_The_Tax_that_Replaces_VAT\" title=\"IGIC: The Tax that Replaces VAT\">IGIC: The Tax that Replaces VAT<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#What_is_IGIC\" title=\"What is IGIC?\">What is IGIC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Reduced_IGIC_Rates\" title=\"Reduced IGIC Rates\">Reduced IGIC Rates<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Personal_Income_Tax_IRPF_Deductions_and_Reductions\" title=\"Personal Income Tax (IRPF): Deductions and Reductions\">Personal Income Tax (IRPF): Deductions and Reductions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Deductions_for_Canary_Islands_Residents\" title=\"Deductions for Canary Islands Residents\">Deductions for Canary Islands Residents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Comparison_with_Mainland_Spain\" title=\"Comparison with Mainland Spain\">Comparison with Mainland Spain<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Inheritance_and_Gift_Tax_Exemptions_in_the_Canary_Islands\" title=\"Inheritance and Gift Tax: Exemptions in the Canary Islands\">Inheritance and Gift Tax: Exemptions in the Canary Islands<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Are_These_Transfers_Taxed\" title=\"Are These Transfers Taxed?\">Are These Transfers Taxed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Practical_Example\" title=\"Practical Example\">Practical Example<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Wealth_Tax\" title=\"Wealth Tax\">Wealth Tax<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Specific_Allowances_and_Limits\" title=\"Specific Allowances and Limits\">Specific Allowances and Limits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Comparison_with_Other_Regions\" title=\"Comparison with Other Regions\">Comparison with Other Regions<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Incentives_for_Investors_and_Businesses_ZEC_and_RIC\" title=\"Incentives for Investors and Businesses: ZEC and RIC\">Incentives for Investors and Businesses: ZEC and RIC<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Canary_Islands_Special_Zone_ZEC\" title=\"Canary Islands Special Zone (ZEC)\">Canary Islands Special Zone (ZEC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Canary_Islands_Investment_Reserve_RIC\" title=\"Canary Islands Investment Reserve (RIC)\">Canary Islands Investment Reserve (RIC)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Comparison_with_Other_Autonomous_Communities\" title=\"Comparison with Other Autonomous Communities\">Comparison with Other Autonomous Communities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Conclusion_Living_in_the_Canary_Islands%E2%80%94A_Smart_Fiscal_Move\" title=\"Conclusion: Living in the Canary Islands\u2014A Smart Fiscal Move\">Conclusion: Living in the Canary Islands\u2014A Smart Fiscal Move<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Discover_Our_Promotions_in_Fuerteventura\" title=\"Discover Our Promotions in Fuerteventura\">Discover Our Promotions in Fuerteventura<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Frequently_Asked_Questions_about_the_Canary_Islands_Tax_Benefits\" title=\"Frequently Asked Questions about the Canary Islands&#8217; Tax Benefits\">Frequently Asked Questions about the Canary Islands&#8217; Tax Benefits<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Can_anyone_benefit_from_the_Canary_Islands_tax_regime\" title=\"Can anyone benefit from the Canary Islands tax regime?\">Can anyone benefit from the Canary Islands tax regime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Can_companies_also_benefit_from_the_special_tax_regime\" title=\"Can companies also benefit from the special tax regime?\">Can companies also benefit from the special tax regime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Do_I_need_Spanish_nationality_to_access_these_benefits\" title=\"Do I need Spanish nationality to access these benefits?\">Do I need Spanish nationality to access these benefits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#Is_IGIC_applied_to_online_purchases_as_well\" title=\"Is IGIC applied to online purchases as well?\">Is IGIC applied to online purchases as well?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/casilladecosta.com\/en\/the-tax-benefits-of-living-in-the-canary-islands\/#What_if_I_move_from_another_autonomous_community\" title=\"What if I move from another autonomous community?\">What if I move from another autonomous community?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"541\" data-end=\"601\"><span class=\"ez-toc-section\" id=\"Why_Do_the_Canary_Islands_Have_a_Special_Tax_Regime\"><\/span><strong data-start=\"545\" data-end=\"601\">Why Do the Canary Islands Have a Special Tax Regime?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"603\" data-end=\"884\">The Canary Islands have their own Economic and Tax Regime (REF) due to their geographical distance from mainland Europe. This regime, recognized by the European Union and backed by Spanish legislation, is designed to offset the additional costs resulting from their insular status.<\/p>\n<h3 data-start=\"891\" data-end=\"934\"><span class=\"ez-toc-section\" id=\"Advantages_of_the_REF_for_Residents\"><\/span><strong data-start=\"895\" data-end=\"934\">Advantages of the REF for Residents<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"936\" data-end=\"1085\">\n<li data-start=\"936\" data-end=\"972\">\n<p data-start=\"938\" data-end=\"972\">Lower taxation on various taxes.<\/p>\n<\/li>\n<li data-start=\"973\" data-end=\"1020\">\n<p data-start=\"975\" data-end=\"1020\">Incentives for investment and job creation.<\/p>\n<\/li>\n<li data-start=\"1021\" data-end=\"1085\">\n<p data-start=\"1023\" data-end=\"1085\">Increased disposable income through tax breaks and exemptions.<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"1092\" data-end=\"1131\"><span class=\"ez-toc-section\" id=\"IGIC_The_Tax_that_Replaces_VAT\"><\/span><strong data-start=\"1096\" data-end=\"1131\">IGIC: The Tax that Replaces VAT<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"1133\" data-end=\"1155\"><span class=\"ez-toc-section\" id=\"What_is_IGIC\"><\/span><strong data-start=\"1138\" data-end=\"1155\">What is IGIC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1157\" data-end=\"1365\">The IGIC (Canary Islands General Indirect Tax) is the regional equivalent of VAT. Unlike the general mainland VAT rate of 21%, the standard IGIC rate is only 7%, leading to significant savings on consumption.<\/p>\n<h3 data-start=\"1367\" data-end=\"1394\"><span class=\"ez-toc-section\" id=\"Reduced_IGIC_Rates\"><\/span><strong data-start=\"1372\" data-end=\"1394\">Reduced IGIC Rates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"1396\" data-end=\"1571\">\n<li data-start=\"1396\" data-end=\"1416\">\n<p data-start=\"1398\" data-end=\"1416\">General rate: 7%<\/p>\n<\/li>\n<li data-start=\"1417\" data-end=\"1470\">\n<p data-start=\"1419\" data-end=\"1470\">Reduced rates: 3% or even 0% on some basic goods.<\/p>\n<\/li>\n<li data-start=\"1471\" data-end=\"1571\">\n<p data-start=\"1473\" data-end=\"1571\">Direct savings on everyday products and services such as food, transport, and cultural activities.<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"1578\" data-end=\"1639\"><span class=\"ez-toc-section\" id=\"Personal_Income_Tax_IRPF_Deductions_and_Reductions\"><\/span><strong data-start=\"1582\" data-end=\"1639\">Personal Income Tax (IRPF): Deductions and Reductions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"1641\" data-end=\"1689\"><span class=\"ez-toc-section\" id=\"Deductions_for_Canary_Islands_Residents\"><\/span><strong data-start=\"1646\" data-end=\"1689\">Deductions for Canary Islands Residents<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1691\" data-end=\"1742\">Residents of the Canary Islands may benefit from:<\/p>\n<ul data-start=\"1743\" data-end=\"1887\">\n<li data-start=\"1743\" data-end=\"1796\">\n<p data-start=\"1745\" data-end=\"1796\">Reductions in the taxable base due to insularity.<\/p>\n<\/li>\n<li data-start=\"1797\" data-end=\"1887\">\n<p data-start=\"1799\" data-end=\"1887\">Regional deductions for investment in primary residence, educational expenses, and more.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1889\" data-end=\"1928\"><span class=\"ez-toc-section\" id=\"Comparison_with_Mainland_Spain\"><\/span><strong data-start=\"1894\" data-end=\"1928\">Comparison with Mainland Spain<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1930\" data-end=\"2081\">A person earning \u20ac30,000 annually could save between \u20ac300 and \u20ac500 per year on their personal income tax return compared to residents of other regions.<\/p>\n<h2 data-start=\"2088\" data-end=\"2154\"><span class=\"ez-toc-section\" id=\"Inheritance_and_Gift_Tax_Exemptions_in_the_Canary_Islands\"><\/span><strong data-start=\"2092\" data-end=\"2154\">Inheritance and Gift Tax: Exemptions in the Canary Islands<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"2156\" data-end=\"2191\"><span class=\"ez-toc-section\" id=\"Are_These_Transfers_Taxed\"><\/span><strong data-start=\"2161\" data-end=\"2191\">Are These Transfers Taxed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2193\" data-end=\"2345\">Yes, but the Canary Islands offer a 99.9% tax relief for direct heirs (parents, children, and spouses), reducing the cost of inheritance to nearly zero.<\/p>\n<h3 data-start=\"2347\" data-end=\"2373\"><span class=\"ez-toc-section\" id=\"Practical_Example\"><\/span><strong data-start=\"2352\" data-end=\"2373\">Practical Example<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2375\" data-end=\"2509\">A child inheriting a property valued at \u20ac150,000 would pay only a few euros in taxes, compared to thousands in other regions of Spain.<\/p>\n<h2 data-start=\"2516\" data-end=\"2534\"><span class=\"ez-toc-section\" id=\"Wealth_Tax\"><\/span><strong data-start=\"2520\" data-end=\"2534\">Wealth Tax<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"2536\" data-end=\"2575\"><span class=\"ez-toc-section\" id=\"Specific_Allowances_and_Limits\"><\/span><strong data-start=\"2541\" data-end=\"2575\">Specific Allowances and Limits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"2577\" data-end=\"2726\">\n<li data-start=\"2577\" data-end=\"2662\">\n<p data-start=\"2579\" data-end=\"2662\">The tax-free allowance in the Canary Islands is higher than the national average.<\/p>\n<\/li>\n<li data-start=\"2663\" data-end=\"2726\">\n<p data-start=\"2665\" data-end=\"2726\">Only individuals with substantial assets are required to pay.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2728\" data-end=\"2766\"><span class=\"ez-toc-section\" id=\"Comparison_with_Other_Regions\"><\/span><strong data-start=\"2733\" data-end=\"2766\">Comparison with Other Regions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2768\" data-end=\"2884\">In regions such as Catalonia, this tax may exceed 1%, while in the Canary Islands the impact is significantly lower.<\/p>\n<h2 data-start=\"2891\" data-end=\"2951\"><span class=\"ez-toc-section\" id=\"Incentives_for_Investors_and_Businesses_ZEC_and_RIC\"><\/span><strong data-start=\"2895\" data-end=\"2951\">Incentives for Investors and Businesses: ZEC and RIC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"2953\" data-end=\"2995\"><span class=\"ez-toc-section\" id=\"Canary_Islands_Special_Zone_ZEC\"><\/span><strong data-start=\"2958\" data-end=\"2995\">Canary Islands Special Zone (ZEC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2997\" data-end=\"3118\">A scheme that allows companies to pay only 4% corporate tax if they meet specific investment and employment requirements.<\/p>\n<h3 data-start=\"3120\" data-end=\"3168\"><span class=\"ez-toc-section\" id=\"Canary_Islands_Investment_Reserve_RIC\"><\/span><strong data-start=\"3125\" data-end=\"3168\">Canary Islands Investment Reserve (RIC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"3170\" data-end=\"3333\">Enables businesses and self-employed professionals to reduce their tax burden by allocating part of their profits to<a href=\"https:\/\/casilladecosta.com\/en\/why-invest-in-the-canary-islands-discover-the-advantages-of-this-ideal-destination\/\"> productive investments<\/a> within the archipelago.<\/p>\n<h2 data-start=\"3335\" data-end=\"3388\"><span class=\"ez-toc-section\" id=\"Comparison_with_Other_Autonomous_Communities\"><\/span><strong data-start=\"3340\" data-end=\"3388\">Comparison with Other Autonomous Communities<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul data-start=\"3390\" data-end=\"3562\">\n<li data-start=\"3390\" data-end=\"3418\">\n<p data-start=\"3392\" data-end=\"3418\">IGIC vs. VAT: 7% vs. 21%<\/p>\n<\/li>\n<li data-start=\"3419\" data-end=\"3464\">\n<p data-start=\"3421\" data-end=\"3464\">IRPF: higher deductions due to insularity<\/p>\n<\/li>\n<li data-start=\"3465\" data-end=\"3525\">\n<p data-start=\"3467\" data-end=\"3525\">Inheritance: nearly full exemption in the Canary Islands<\/p>\n<\/li>\n<li data-start=\"3526\" data-end=\"3562\">\n<p data-start=\"3528\" data-end=\"3562\">ZEC: 4% reduced corporate tax rate<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"3569\" data-end=\"3637\"><span class=\"ez-toc-section\" id=\"Conclusion_Living_in_the_Canary_Islands%E2%80%94A_Smart_Fiscal_Move\"><\/span><strong data-start=\"3573\" data-end=\"3637\">Conclusion: Living in the Canary Islands\u2014A Smart Fiscal Move<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3639\" data-end=\"3868\">The Canary Islands not only stand out for their quality of life but also for a tax system designed to benefit both individuals and businesses. Living in the islands can translate into significant savings and unique opportunities.<\/p>\n<h3 data-start=\"3875\" data-end=\"3923\"><span class=\"ez-toc-section\" id=\"Discover_Our_Promotions_in_Fuerteventura\"><\/span><strong data-start=\"3879\" data-end=\"3923\">Discover Our Promotions in Fuerteventura<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<blockquote><p>Thinking about moving or investing to make the most of these tax advantages? At <strong>Casilla de Costa<\/strong> we build <a href=\"https:\/\/casilladecosta.com\/en\/new-build-properties-fuerteventura\/\">new-build homes in Fuerteventura<\/a>, in a privileged natural setting, ideal both for those seeking a primary residence and for investors focused on tax efficiency.<\/p><\/blockquote>\n<h2 data-start=\"4097\" data-end=\"4170\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_about_the_Canary_Islands_Tax_Benefits\"><\/span><strong data-start=\"4101\" data-end=\"4170\">Frequently Asked Questions about the Canary Islands&#8217; Tax Benefits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"4172\" data-end=\"4343\"><span class=\"ez-toc-section\" id=\"Can_anyone_benefit_from_the_Canary_Islands_tax_regime\"><\/span><strong data-start=\"4172\" data-end=\"4230\">Can anyone benefit from the Canary Islands tax regime?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"4172\" data-end=\"4343\">Yes, anyone who establishes habitual residence in the Canary Islands can take advantage of these tax benefits.<\/p>\n<h3 data-start=\"4345\" data-end=\"4507\"><span class=\"ez-toc-section\" id=\"Can_companies_also_benefit_from_the_special_tax_regime\"><\/span><strong data-start=\"4345\" data-end=\"4404\">Can companies also benefit from the special tax regime?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"4345\" data-end=\"4507\">Yes, especially through mechanisms like the ZEC and RIC, provided they meet the required conditions.<\/p>\n<h3 data-start=\"4509\" data-end=\"4700\"><span class=\"ez-toc-section\" id=\"Do_I_need_Spanish_nationality_to_access_these_benefits\"><\/span><strong data-start=\"4509\" data-end=\"4568\">Do I need Spanish nationality to access these benefits?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"4509\" data-end=\"4700\">No, what matters is fiscal residence. Citizens of any nationality can benefit if they are legally resident in the Canary Islands.<\/p>\n<h3 data-start=\"4702\" data-end=\"4879\"><span class=\"ez-toc-section\" id=\"Is_IGIC_applied_to_online_purchases_as_well\"><\/span><strong data-start=\"4702\" data-end=\"4750\">Is IGIC applied to online purchases as well?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"4702\" data-end=\"4879\">Yes, although with certain exceptions. Some purchases are exempt, while others must declare IGIC if processed through customs.<\/p>\n<h3 data-start=\"4881\" data-end=\"5055\"><span class=\"ez-toc-section\" id=\"What_if_I_move_from_another_autonomous_community\"><\/span><strong data-start=\"4881\" data-end=\"4934\">What if I move from another autonomous community?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"4881\" data-end=\"5055\">Once you establish effective residence in the Canary Islands, you can access all applicable deductions and tax breaks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Living in the Canary Islands is not only synonymous with great weather and stunning landscapes. It also represents a significant economic advantage thanks to its special tax regime. In this&#8230;<\/p>\n","protected":false},"author":1,"featured_media":11845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"inline_featured_image":false,"_mbp_gutenberg_autopost":false,"footnotes":""},"categories":[52],"tags":[],"class_list":["post-11851","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate-tips"],"_links":{"self":[{"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/posts\/11851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/comments?post=11851"}],"version-history":[{"count":2,"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/posts\/11851\/revisions"}],"predecessor-version":[{"id":13007,"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/posts\/11851\/revisions\/13007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/media\/11845"}],"wp:attachment":[{"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/media?parent=11851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/categories?post=11851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casilladecosta.com\/en\/wp-json\/wp\/v2\/tags?post=11851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}