IGIC is the Canarian Indirect Tax charged on final consumption, and replaces the Community Value Added Tax (VAT). The nature of the IGIC is similar to VAT, but with important differences, such as lower tax rates, with a general rate of 7%.
In the ZEC the supply of goods and services done within ZEC entities, as well as imports of goods made by them, shall be exempt from taxation by the IGIC.
Las Palmas de Gran Canaria Office
C / León y Castillo, n º 431 Edificio Urbis 4 th floor
CP 35007 - Las Palmas de Gran Canaria. Spain
Tel 34928490505
Fax: 34928273274
E mail: zec@zec.org
Santa Cruz de Tenerife Office
Avenida Marítima, n º 3 ª planta Edificio Mapfre 5
CP 38003 - Santa Cruz de Tenerife. Spain
Tel 34922298010
Fax: 34922278063
E mail: zec@zec.org
All rights reserved to the Canary Islands Special Zone (ZEC)
Source: Doing Business in the Canaries, A guide to investing, working and living in the Canary Islands- Proexca
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