Services · Business

Tax Advisory

Taxes planned before they are due and filed before they are late — under the Canary regime, which plays by its own rules. That is the whole job, done well.

Tax advisors in Fuerteventura — IGIC, Canary incentives and tax planning

The practice

Canary taxes are different. That's the point.

The islands run their own economic and fiscal regime: IGIC instead of VAT, incentives the mainland does not have, and a second tax administration with rules of its own. A Fuerteventura business advised as if it were in Madrid overpays — quietly, year after year. This desk exists so that never happens to yours: obligations mapped, calendar owned, every filing prepared and presented on time.

Beyond the filings, the planning: quarter-ends anticipated instead of suffered, legitimate reliefs applied, and a December look-ahead while moves still fit in the year. We represent you before both agencies for queries and requirements — and if a filing ever turns into a fight, the tax lawyers across the corridor take it from there.

The REF

The Canary advantage

Four pieces of the island regime that exist to be used — legitimately, with the paperwork that makes them stick.

01IGIC, not VATThe Canary indirect tax: lower rates, its own filings, its own administration. Getting it right is the baseline of doing business here.
02ZECThe special-zone regime: a heavily reduced corporate rate for qualifying new activity with real substance on the islands. Worth a serious look before you incorporate.
03RICThe investment reserve: set profit aside for island investment and cut your taxable base — under rules that must be followed to the letter, which is what we are for.
04The deductionsInvestment and activity deductions run higher here than on the mainland. If nobody has ever mentioned them to you, that in itself is a sign.

Always on time

The advisory year

Spanish tax runs on a fixed calendar. We watch it so you never have to — this is what a typical year looks like.

Jan 1–30Fourth-quarter IGIC and withholdings, plus the annual summaries of the year just closed.
Apr 1–20First-quarter IGIC and withholding returns.
Apr–JunPersonal income tax season (Renta) — residents file for the previous year.
Jul 1–20Second-quarter IGIC and withholding returns.
Jul 1–25Corporate income tax for companies closing with the calendar year.
Oct 1–20Third-quarter IGIC and withholding returns.
DecYear-end review: closing projections and the tax planning that still fits before the 31st.

The route

Your first quarter with us

STEP 01

The picture

Activity, structure, registrations, history — we establish what you owe, where, and what you have been missing.

STEP 02

The calendar

Every deadline mapped and owned. From here on, "did we file that?" stops being your question.

STEP 03

The filings

Prepared, reviewed, presented — and your numbers explained back to you in plain language.

STEP 04

The look ahead

Planning while moves still fit: reliefs, timing, the December review that pays for the year.

Tax Advisory questions

Before you ask

What is IGIC, and does it apply to me?

The Canary Islands' indirect tax — the local cousin of VAT, with lower rates and its own quarterly filings before the Canary agency. If you sell goods or services from the islands, it almost certainly applies to you, and applying it correctly is where we start.

Do I qualify for the ZEC?

It depends on the activity, the jobs you will create and the substance you will keep on the islands. The honest answer takes a meeting, and the best moment for it is before you incorporate — retrofitting is much harder than designing for it.

How does the RIC actually work?

You commit part of your profit to a reserve, invest it in qualifying island assets within the legal window, and your taxable base drops accordingly. The saving is real and so are the formal requirements — it is a discipline, and we run it as one.

I have been filing like a mainland business for years. Can it be fixed?

Going forward, always — and we review what was filed to see what can still be corrected or reclaimed. The sooner the review, the more of the past is still recoverable.

What happens if the tax agency challenges a return?

Then the file crosses the corridor to our Tax Law desk, which defends inspections, assessments and penalties for a living — working from the same ledger we filed from. One office, no gaps in the story.

Paying mainland taxes on a Canary business? Stop.

Tell us what you do and how you are set up — we tell you which regime fits, what you are missing and what running it right costs, within one business day.

Prefer to call?

Caleta de FusteMon–Fri 9:00–16:00 (+34) 928 547 756
Costa CalmaMon–Fri 9:00–16:00 (+34) 928 547 125

Ask about your taxes

Activity, structure, what you file today — an advisor replies within one business day.

Appointment request

Pick the office, day and time that suit you — recent filings in hand make the first meeting fly.