Business Information
Lowest Corporate Tax Rate
The lowest VAT rate in Europe
Lowest Corporate Tax Rate
The lowest Corporate tax rate in Europe
Just 4% when compared to the European average, which is around 20%.
Research and Development
The lowest VAT rate in Europe
Lowest Corporate Tax Rate
The highest refundable R&D and audiovisual incentives on the planet
The lowest VAT rate in Europe
The lowest VAT rate in Europe
The lowest VAT rate in Europe
At 7% it is Europe´s lowest sales tax rate
Best Tax System In Europe and Optimal Quality of Life
The EU legal system has one of the highest standards of international legal security.
As a European outermost region, the Canary Islands have an Economic and Tax System (REF) of their own which is transparent, applies double taxation conventions and complies with all EU guidelines and competition laws. The key features of this attractive tax regime include: the lowest corporate tax rate (4%) and VAT (6.5%) in Europe and the highest refundable R&D fiscal incentives on the planet
Source: Proexca