The regulation, which must be ratified by the Canary Islands Parliament, adapts state provisions from Royal Decree-Law 7/2026 to the specific fiscal regime of the Canary Islands. The objective is to strengthen the socioeconomic shield in an outermost region, particularly vulnerable to global economic fluctuations.
The package of measures is estimated to have an initial cost of 29.8 million euros, a figure that could rise to 60 million euros annually if the crisis persists. This approval responds to the escalation of the conflict and its direct impact on energy prices, fuels, transport, and basic goods, significantly affecting key sectors such as transport, tourism, the primary sector, and industry.
Among the fiscal measures, a temporary zero IGIC rate is established for energy products, including petroleum derivatives, gas, biomass, and firewood, with an estimated cost of 14.1 million euros annually. Additionally, the refund of the Special Tax on Fuels for farmers and transporters is increased to 99%, representing an outlay of 19.4 million euros annually.
To support families, the decree expands the basket of basic products with zero IGIC, now including salt, butter, and coffee, with an economic impact of 3.2 million euros annually. Furthermore, the annual turnover limit for self-employed individuals to qualify for the special regime for small businesses under IGIC is raised to 50,000 euros, reducing tax and administrative burdens, at a cost of 12.5 million euros for the current year.
The decree-law also allocates an extraordinary fund of 7.2 million euros for the Canarian industrial and primary sectors, aimed at offsetting increased energy and production costs. The Government of the Canary Islands emphasizes that this regulation provides an immediate response tailored to the archipelago's unique characteristics, ensuring the effectiveness of support measures in a context of high international uncertainty.
The Government of the Canary Islands stresses that this decree-law allows for an immediate response adapted to the archipelago's singularities, guaranteeing the effectiveness of support measures in a context of high international uncertainty.
Finally, the regional executive insists on the need for future state measures to incorporate a “Canarian clause” that allows public policies to be adjusted to the specific conditions of the islands.
