Renewal of exemptions and reductions on AIMS tax applicable in the Canary Islands


The Spanish Authorities are authorised until December 31, 2020, with respect to the product listed in this decision which are produced locally in the Canary Islands, to maintain the total exemptions or tax reductions called “Tax on Imports and Deliveries Goods in the Canary Islands “(IAMS).

Such exemptions or reductions should be part of the strategy for economic and social development of the Canary Islands and contribute to the promotion of local activities.

The Spanish authorities must submit to the European Commission, no later than September 30, 2017, a report on the application of exemptions or reductions, in order to assess the impact of measures taken and their contribution to the promotion or maintenance of local economic activities. On this basis, the scope and exemptions authorized under the rules of the European Union, will be revised as necessary.

This decision will be applicable from July 1, 2014.

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