Canary Islands IGIC and Import Duty
This information applies to for commercial imports NOT personal ones which are exempt up to 150 euros in value Goods leaving the Mainland or another EU country and coming to the Canary Islands The Canary Islands does not apply IVA (VAT) sales tax but its own version which is called IGIC (El Impuesto General Indirecto Canario). This has different rates from IVA. To know if a Spanish company liable under the IVA regime has to apply IVA or not , we have to ask which applies scenario 1 or 2: If products (physical goods) are brought into the Canary Islands, from the …
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