What it is
Updates the special economic and tax regime for the Canary Islands
It is a government bill. Introduced by the Government. It was introduced on 26 June 2017. Introduced by: Gobierno.
Official title: Government bill amending Law 19/1994, of 6 July, on the modification of the Economic and Fiscal Regime of the Canary Islands.
Source: Congreso de los Diputados, file 121/000009· updated 11 Nov
Automatic summary, not yet reviewed
- The law updates Law 19/1994, which governs the Economic and Fiscal Regime of the Canary Islands, to adapt it to changes in the Spanish and international economy and to the islands' status as an outermost region of the European Union.
- Residents of the Canary Islands will get a 75% discount on boat and plane tickets between the islands and mainland Spain. For trips between the islands, the discount is 50% by boat and 75% by plane.
- A compensation system will cover 100% of the actual cost of maritime and air transport of goods, both between the islands and with mainland Spain and other EU countries.
- Prices of electricity and of desalinated, regenerated or reused water will be kept equal to those in the rest of Spain, through compensation systems funded by the State Budget.
- Free zones may be established throughout the territory of the Canary Islands, as part of the strategy to promote the islands as an Atlantic platform.
- Subsidies for the transport of goods will now cover 100% of the cost, and the Government must simplify customs procedures between the Canary Islands and the rest of Spain by January 1, 2019 at the latest.
Who it affects
- Residents of the Canary Islands: They will pay less for boat and plane tickets thanks to the discounts.
- Companies shipping goods to or from the islands: They can offset 100% of the cost of maritime and air transport.
- Canary Island consumers of electricity and water: Prices will stay equal to those in the rest of Spain.
- Companies investing or setting up in the Canary Islands: They will have tax incentives, investment reserves and the Canary Island Special Zone.
- Students and professors at Canary Island universities: They will receive aid to offset the extra costs of distance in mobility programs.
Words worth knowing
- Región ultraperiférica (outermost region)
- Status the European Union grants to territories far from the continent, such as the Canary Islands, allowing special measures for them.
- Zona Especial Canaria (Canary Island Special Zone)
- A regime with tax benefits for companies that register and create jobs on the islands.
- Zona Franca (free zone)
- An area where goods enter and leave with fewer customs controls and formalities.
- POSEI
- An EU program that funds aid to agriculture in remote areas such as the Canary Islands.
- Reserva para inversiones (investment reserve)
- Profit a company does not distribute and saves to invest, paying less tax while doing so.
It summarizes the law as published in the BOE. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries
Where it stands
How far did it get?
It took 7 of 7 steps. It reached BOE, and today it is passed.
- Introduced26 June 2017Someone registers the text in the Congreso.
- Admitted5 September 2017The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
- Amendments8 September 2017Groups propose changes.
- Committee14 February 2018A committee goes through the text in detail.
- Plenaryno dateAll 350 deputies vote.
- Senate10 September 2018The Senate can pass it, amend it or veto it.
- BOE24 October 2018It is published in the Official State Gazette (BOE) and comes into force.
See the 9 official steps on a timeline
Was there a plenary vote?
We have no plenary vote linked to this law in the Congreso’s data.
What happens next
What happens now?
It is law, or will be once published in the BOE. It comes into force on the date its own text sets.
The same initiative in the other chamber:
- XII Legislature, Senate Government bill amending Law 19/1994, of 6 July, on the modification of the Economic and Fiscal Regime of the Canary Islands.
Published in the BOE: Law 8/2018, of November 5, amending Law 19/1994, of July 6, on the modification of the Economic and Tax Regime of the Canary Islands.
Sources
Where does all this come from?
- Congreso de los Diputados, file 121/000009
Official title, type, author, dates and stage.
Retrieved 11 November 2026
- BOE, BOE-A-2018-15139
The law as published.
Retrieved 11 November 2026
- The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
- Each deputy’s province is the one of their seat on the day of the vote.
- We only say “passed” or “rejected” when the majority needed is certain; otherwise we say which side had more votes.