Extension of Cooperation Agreement to Promote the Economic and Fiscal Regime of the Canary Islands
Published: January 15, 2026|economy-and-business|Gobierno de Canarias
Extension of Cooperation Agreement on the Canary Islands' Fiscal Regime
The Spanish government has officially extended an important cooperation agreement focused on promoting the Canary Islands' Economic and Fiscal Regime (REF) until December 31, 2026.
Originally signed in March 2025, this agreement involves the Canary Islandsā Finance Department and the Association of Tax Advisors of the Canary Islands, aiming to enhance public understanding of the unique economic laws that benefit the region.
Key Details of the Extension
- This extension primarily funds activities like training sessions and information campaigns that help residents and local businesses better understand the REF.
- The REF provides tax advantages meant to boost the islands' economy.
- The government will allocate approximately ā¬3,900 for the year 2026 to cover speakersā fees and travel costs to the more remote islands, ensuring wider reach.
Importance of the Initiative
Such initiatives help improve transparency and public knowledge about policies that directly impact everyday lifeāespecially in a region where economic tools are vital for growth.
- The agreement's renewal underscores a commitment to ongoing support for regional fiscal policies.
- These policies are crucial for local development and competitiveness in Spain and the broader European Union.