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Document 52020PC0355
Update of the tax advantage regime for certain products produced in the Canary Islands
Proposal for a COUNCIL DECISION on the AIEM tax applicable in the Canary Islands
- Initiative summary:
- This initiative will evaluate the existing tax regime known as ‘Arbitrio sobre Importaciones y Entregas de Mercancías en las Islas Canarias’ (AIEM) in the Canary Islands. The scheme allows for granting tax advantages to certain local products. In addition, potential policy options for the future will be analysed which may lead to a proposal for a Council Decision to update the legal framework (period 2021 - 2027).
- EuroVoc thesaurus:
- regional aid; tax exemption; Spain; indirect tax; Canary Islands; originating product; derogation from EU law; tax relief; peripheral region
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- Documents:
- Ares(2020)1673989 (Inception impact assessment)
- Leading service:
- Directorate-General for Taxation and Customs Union
- Planned adoption period:
- 01/07/2020 - 30/09/2020
- Check the status of this initiative on the Better Regulation Portal
-
- Consultation type:
- Stakeholder feedback
- Consultation duration (weeks):
- 4
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- Documents:
-
COM/2020/355 final (Proposal for a decision)
SWD/2020/154 final (Staff working document) - Leading service:
- Directorate-General for Taxation and Customs Union
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- Consultation type:
- Stakeholder feedback
- Consultation duration (weeks):
- 8