- IGIC (Impuesto General Indirecto Canario) is the Canary Islands’ version of Spain’s VAT
- IGIC offers lower tax rates and unique benefits compared to VAT in mainland Spain
- IGIC is a local consumer tax designed to maintain economic differentiation in the Canary Islands
- Key differences between IGIC and VAT include lower tax rates and a wider variety of tax rates
- IGIC tax rates range from 0% to 20% and are tailored to different products and services
- IGIC incentivizes local consumption and supports businesses in the Canary Islands
Source: taxually.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Spain"
- Webinar Fiscal Solutions: Spain’s Fiscalization – Where Are We Now? (Feb 19, 2026)
- Comments on ECJ Case C-379/24 and C-380/24: Spain Cannot Restrict VAT Exemption for General Services to Independent Groups’ Members
- DSDT Generation Prohibited in Non-Maritime Premises from March 9, 2026
- Technical Guide for ETD Declaration Updated to Version 1.5 with Format Corrections
- Informative Note 04/2026: Model Surety Insurance Certificate for Customs and Tax Debt Payment
