Although the Canary Islands are a Spanish Province, they are not subject to some EU tax laws and some other laws.
You cannot bring unlimited goods back from there, even if you pay the local tax- you are covered by the same limits as if you were returning from outside the EU. Duty Free Allowance only- a bottle of spirits, half a case of wine and 200 ciggies IIRC.
"The Canary Islands are an integral part of Spain; this has been so for more than 500 years, and a huge majority of Canarians have confirmed their status repeatedly over time. The language of the Canaries is Spanish (Castilian), but the accent is more like the Spanish spoken in the Caribbean.
The Canaries form an "Autonomous Community" within the Kingdom of Spain. The islands have their own Government, Parliament and Administration, established by the Statute of Autonomy of the Canary Islands. The Canarian fiscal and economic system is different from the general Spanish one, which is in force in the major part of the Mainland.
As a part of Spain, the Canaries are also part of the European Union. However, the islands enjoy some exceptions in the fiscal and economic area.
The currency in the Canary Islands is the euro, as in Spain."
"The Special Tax Regime (REF)
Although mainland tax regulations apply in the Canaries, companies operating there are also eligible for special tax incentives (the Special Tax Regime or REF). Key features of the REF are as follows:
* VAT is not applied in the Canary Islands; instead there is a specific Sales Tax (IGIC) which has a general rate of 4.5%, an increased tax rate of 12%, a reduced tax rate of 2% and a zero tax rate for certain basic need products and services (eg telecommunications).
* Exemptions from duty on capital increases.
* The use of undistributed profits to reduce the taxable base provided that the amounts concerned are invested within three years in certain qualifying fixed assets or public stock.
* Enhanced tax credits for various types of investment."
2007-01-03 21:00:31
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answer #1
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answered by Oldbeard 3
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The Canary Islands are known for being the sun heart of Europe! See this sunlight with hotelbye . Canary Islands give you a gentle temperatures and a variety of fantastic natural attractions. Five of their seven islands have been reported a Biosphere Reserve, and the archipelago has four national parks. The most excellent attractions in Canary Islands would be the beaches since they're just ideal for calming in the sun or experiencing water activities such as for example windsurfing and scuba diving. In Canary Islands you may also be impressing by the inside attraction like: walking, period touring, hiking and even caving. Some of the very most spectacular attractions of Canary Islands are: the volcanic scenery of Lanzarote, the beaches of Fuerteventura and Gran Canaria making use of their sand dunes, or the natural woods of La Palma and La Gomera.
2016-12-18 02:18:45
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answer #2
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answered by Anonymous
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Hello,
(ANS) The Canary Islands & Tenerife are administered (part of) by Spain. Spain is an EU member and uses the Euro currency as well as the spanish pasata. So the answer is definately YES!
IR
2007-01-03 20:52:51
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answer #3
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answered by Anonymous
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The canary island are part of Spain. Same currency, same language as the mainland. Only the taxes on the island are lower. Cigarettes, for example cost approx. 30% less.
2007-01-03 23:22:59
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answer #4
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answered by Anonymous
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yes they are part of the eu they are a part of spain . the people there speak spanish and the currency is euro. the islands are great i have been to all four islands my fave was either tenerife or gran canaria if you are going on holidy have a great time but remember your sun cream as it is really hot if you go to gran canaria you should go to nouex city it is a western night for all ages and it is fantastic i hope this helps x
2007-01-03 21:03:27
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answer #5
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answered by samantha l 2
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yes they are part of Spain.
2007-01-03 20:52:40
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answer #6
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answered by Anonymous
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yes!
2007-01-04 01:17:05
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answer #7
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answered by furrigee 1
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yes.
2007-01-03 20:49:54
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answer #8
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answered by Not Ecky Boy 6
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