What is IGIC tax?

We get this question often, so here is the answer: IGIC stands for "Impuesto General Indirecto Canario," which translates to the General Indirect Canary Islands Tax. IGIC is a value-added tax (VAT) or consumption tax that applies in the Canary Islands, an autonomous community of Spain.

What does IGIC stand for?

The Indiana Geographic Information Council (IGIC) is a nonprofit organization leading the effective application of geographic information in Indiana. Participants at IGIC's 2023 Geospatial Coordinators Forum. Our membership includes individuals from all levels of government, private industry, educational institutions and other nonprofit groups.

What is IGIC tax in Spain?

IGIC is the equivalent of VAT (IVA in Spanish) that is applied in other parts of Spain and the European Union, but it is lower than VAT usually is. The IGIC tax rate can vary depending on the type of goods or services being taxed. General Rate: The standard rate is 7%.