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Tax & Finance

Spanish RIC Calculator

Calculate the tax benefits of the Spanish RIC (Reserve for Investments in the Canary Islands)

What is the RIC?

The Reserve for Investments in the Canary Islands (RIC) is a special tax regime that allows companies in the Canary Islands to allocate up to 90% of their profits to a reserve fund, paying only 4% tax on that amount instead of the standard 25%. The funds must be materialized in eligible investments within 3 years.

  • Reduce your effective tax rate to as low as 4.6%
  • Allocate up to 90% of profits to the reserve
  • Flexible investment options
  • Valid for 3 years from allocation

Gross

Enter your company's gross annual profit before taxes

Percentage of profit you want to allocate to RIC (max 90%)

Standard corporate tax rate (currently 23% in Spain)

New companies benefit from a reduced 15% tax rate in their first 2 years

Results

Amount Allocated to RIC90.000,00 €
Taxable Profit10.000,00 €
Tax Without RIC23.000,00 €
Tax With RIC2300,00 €
Tax Savings20.700,00 €
Savings Percentage90.00%
Effective Tax Rate2.30%

Disclaimer: Important Disclaimer

This calculator provides approximate estimates for educational purposes only. The actual tax calculations may vary based on your specific situation, changes in legislation, and other factors. We do not assume any responsibility for financial or tax decisions made based on the results of this tool. Always consult with a qualified tax advisor or accountant before making any tax-related decisions.

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