Tax advice in the Canary Islands: experts in IGIC, REF and ZEC
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Why is taxation in the Canary Islands different?
The archipelago has its own tax system with taxes, deductions, and incentives that don’t exist anywhere else in Spain. Understanding them makes all the difference between overpaying and paying the right amount.
IGIC instead of VAT
The Canary Islands do not use mainland VAT. The Canary Islands General Indirect Tax, with a rate of 7% instead of the 21% VAT, has its own rates and deadlines.
- Forms 420
- 421
- 425
Investment Reserve
The RIC allows companies to deduct up to 90% of profits allocated to investment. We use it.
- RIC
- DIC
ZEC: tax at 4%
The Canary Islands Special Zone offers a reduced corporate tax rate of 4%. We will assess whether your company meets the requirements and handle the registration process.
- Companies at 4%
Double Taxation
In the Canary Islands, both the State Tax Agency and the Canary Islands Tax Authority operate. We handle both.
- AEAT
- ATC
Tax solutions for the self-employed and SMEs
Whether you’ve just started your business or have been running it for years, we have a plan tailored to your situation and the specific tax regulations of the Canary Islands.
I'm a new self-employed
For self-employed people who are starting out and don’t want to get lost.
- We explain which models to submit and when
- We handle your registration with the Canary Islands Tax Office and the Canary Islands Tax Agency
- We'll tell you if REPEP, direct estimation, or modules are right for you
- We answer your questions about how to invoice customers in mainland Spain, the Canary Islands, or abroad
- We'll show you what expenses you can deduct as a digital professional
I want to change my current advisor
For those who do not receive the care they deserve.
- Personal advisor who informs you before each due date, without you having to call
- Draft tax returns to review before filing
- We migrate all your documents without you having to do anything
- We respond in less than 24 hours, always
- Always have access to your submission receipts
Tax solutions for the self-employed and SMEs
Whether you’ve just started your business or have been running it for years, we have a plan tailored to your situation and the specific tax regulations of the Canary Islands.
I'm a new self-employed
For self-employed people who are starting out and don’t want to get lost.
- We explain which models to submit and when
- We handle your registration with the Canary Islands Tax Office and the Canary Islands Tax Agency
- We'll tell you if REPEP, direct estimation, or modules are right for you
- We answer your questions about how to invoice customers in mainland Spain, the Canary Islands, or abroad
- We'll show you what expenses you can deduct as a digital professional
I'm fed up with my current tax advice
For those who do not receive the care they deserve.
- Personal advisor who informs you before each due date, without you having to call
- raft tax returns to review before filing
- We migrate all your documents without you having to do anything
- We respond in less than 24 hours, always
- Always have access to your submission receipts
Have you received a notification from the Tax Office and don't know what to do?
Now is not the time to improvise. Every day that passes without a response could result in a more severe penalty. Our team will review your case in less than 24 hours.
- Requirements of the Spanish Tax Agency or the Canary Islands Tax Authority
- Initiation of inspection proceedings
- Provisional or parallel settlements
- Penalties or surcharges for late payment
The tax services you need, without leaving your island
We handle all your tax obligations, specializing in Canary Islands regulations. No travel, no missed calls.
IGIC - Complete Management
Quarterly and annual declarations. Forms 420, 421, 425. REPEP and general regime.
Corporate tax
Preparation, presentation and optimization with incentives REF: RIC, DIC, bonuses and ZEC.
IRPF - Personal Income Tax Return
Annual declaration for self-employed individuals, private individuals and non-residents with interests in the Canary Islands.
Investment Reserve (RIC)
Planning and application of the RIC to maximize your company's tax savings in the Canary Islands.
Inspections and notifications
We represent you before the Spanish Tax Agency and the Canary Islands Tax Authority. We take care of everything.
Annual tax planning
We'll review your entire situation and give you some exercise strategies. No surprises in June.
Why hire an online tax advisor?
You don’t have to go to any office. No traveling between islands, no queues, no physical paperwork. And with the same personalized service you’d expect from your regular account manager.
Traditional accounting firms in the Canary Islands are used to classic brick-and-mortar businesses: if you have a digital business, they don’t understand your expenses or your deductions. We do.
Personal advisor with name and surname
You don't talk to a bot or a different intern every month. You have a dedicated tax advisor who knows your business model inside and out.
Guaranteed response within 24 hours
Any questions, any notifications. Always with a guaranteed response the next business day.
24/7 platform for uploading invoices
Upload your invoices anytime from your mobile. We'll take care of the rest.
No commitment or fine print
We don't tie you down with unfair contracts. We believe you'll stay because of our excellent service. Clear prices from day one, and you can cancel anytime without penalty.
Clear prices. No surprises. No long-term contract.
We know you hate not knowing how much it’s going to cost. That’s why we put everything out in the open from day one.
- NO COMMITMENT
- NO TAX if you are a Canary Islands resident
- +VAT in mainland and Balearic Islands
Basic
For self-employed individuals with 1 economic activity-
Self-employment registration INCLUDED
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UNLIMITED consultations
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Income Tax Return INCLUDED
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1 Economic activity
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Quarterly and annual models INCLUDED
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Accounting (50 invoices per month)
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Billing software INCLUDED
Pro
For self-employed individuals with multiple activities-
Self-employment registration INCLUDED
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UNLIMITED consultations
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Income Tax Return INCLUDED
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UNLIMITED group activities
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Quarterly and annual models INCLUDED
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Accounting (UNLIMITED invoices)
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Billing software INCLUDED
SME
For small and medium-sized enterprises-
UNLIMITED consultations
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Preparation of quarterly and annual models
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Corporate tax
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Legalization of books
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Annual accounts
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Accounting reports
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Income and expense control
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Bank reconciliation
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Income Tax Return Administrator
More than 300 self-employed individuals and companies trust Asesorae
Frequently asked questions about our tax advice in the Canary Islands
What is IGIC and how does it differ from VAT?
The Canary Islands General Indirect Tax (IGIC) is the equivalent of VAT in the Canary Islands, but with different rates: the general rate is 7% compared to the 21% VAT rate on the Spanish mainland. It is managed by the Canary Islands Tax Authority and has its own forms (420, 421, 425) and deadlines. If you have a business in the Canary Islands, you declare IGIC, not VAT.
What is REPEP and who can benefit from it?
The REPEP is a simplified IGIC (Canary Islands General Indirect Tax) regime for self-employed individuals whose annual income does not exceed €30,000. If you opt for this regime, you can invoice clients in the Canary Islands without charging IGIC and without filing quarterly tax returns. It is especially useful for freelancers and digital professionals. Most new self-employed individuals in the Canary Islands are unaware of its existence.
What is the RIC and how can it benefit my company?
The Canary Islands Investment Reserve (RIC) allows companies to deduct up to 90% of profits allocated to productive investment in the Canary Islands from their Corporate Income Tax. It is one of the most powerful incentives of the Canary Islands’ Special Economic Zone (REF) and is significantly underutilized due to a lack of specialized advice.
Can I access the ZEC and pay only 4% corporate tax?
Yes, if you meet the requirements: registered office in the Canary Islands, at least one resident director, between 3 and 5 new jobs depending on the island, and a minimum investment of €100,000 in fixed assets. The Asesorae team can assess your situation and manage the entire registration and maintenance process in the ZEC Official Registry.
Is it good to have an online consultancy while living in the Canary Islands?
How much does tax advice cost in the Canary Islands?
At Asesorae, plans for self-employed individuals in the Canary Islands start from €57/month, with no fixed term and no setup fees. Plans for businesses and limited liability companies (SLs) include corporate tax and the application of REF incentives. You can view the prices in the rates section or request a free quote.
