AIEM tax applicable in the Canary Islands in 2014-2020

The European Parliament adopted by 591 votes to 64, with 15 abstentions, in the framework of a special legislative procedure (Parliament’s consultation), a legislative resolution on the proposal for a Council decision on the AIEM tax applicable in the Canary Islands.

Following its Committee on Regional Development, Parliament approved the Commission proposal which seeks to authorise the Spanish authorities to apply, until 31 December 2020, to certain products produced locally in the Canary Islands, exemptions from or reductions to the AIEM. These reductions should be included in the economic and social development strategy of the Canary Islands and contribute to promoting local activities.