RIC audit: apply and defend your Reserve risk-free
The Reserve for Investments in the Canary Islands is one of the most powerful incentives of the REF, but also one of the most reviewed by the Spanish Tax Agency. As tax lawyers, we help you allocate and materialise it correctly and defend you in any audit so it doesn't end in an adjustment with interest.
The RIC essentials the Spanish Tax Agency reviews
Allocation of the RIC
The RIC lets you reduce the tax base by setting aside part of your profit in a special reserve. We plan how much to allocate based on your results and your real investment plans.
Materialisation within the deadline
The reserve must be invested in eligible assets and investments within the legal deadline. We select the investments that qualify and monitor the deadlines so you don't lose the benefit.
Maintenance of the investments
The assets in which you materialise the RIC must be kept in operation for the required period. Disposing of them early is one of the typical causes of adjustment.
Mistakes that trigger an adjustment
Allocating without an investment plan, materialising in ineligible assets or poorly documenting the process are the failings the Spanish Tax Agency detects and adjusts with interest.
RIC reviews and audits
The RIC is one of the most reviewed incentives of the REF. We represent you throughout the procedure and demonstrate compliance with every requirement.
Appeals against assessments
If the Spanish Tax Agency adjusts your RIC, we file submissions, appeals for reconsideration and economic-administrative claims against assessments that do not comply with the law.
We defend your RIC before the Spanish Tax Agency
Years can pass between allocating and materialising the RIC, and any poorly documented link can lead to losing the benefit. We combine tax advice with legal defence so your RIC withstands any review.
We review your RIC with no obligation
Tell us how you have allocated and materialised your RIC and we will tell you whether it is at risk and how to strengthen it. First consultation free of charge.
Have you received a notification from the Spanish Tax Agency?
Don't let the deadlines pass. We study your case and advise you on filing the appropriate appeal or submission.
- Personalised analysis
- Expert defence
- Avoid penalties
Request your tax advice now with a specialist lawyer
Leave us your details and we will get in touch to assess your case personally.
Jaime Gutiérrez
CEO