Spain\u2019s places third in Europe in terms of fiscal tax support for R&D projects, according to the OECD annual report for 2020. It is thus not surprising that the Canary Islands, thanks to its increased deduction percentages over the rest of the national territory, should be considered as the most advantageous tax system in Europe and, possibly, one of the best in the world.<\/p>\n\n\n\n
This is possible thanks to the special Economic and Fiscal Regime of the Canary Islands, which allows for increased deduction percentages on eligible expenses and extended tax quota limit, compared to the rest of the national territory, as follows:<\/p>\n\n\n\n
<\/p>\n\n\n\n