Every June, the Tax Agency in Spain publishes the annual list of largedebtors. This list highlights individuals and entities that owe over 600,000 euros without deferral options. In the 2025 edition, over a hundred names tied to the Canary Islands appear, collectively owing nearly 50 million euros.
A Closer Look at Canarian Debtors
Being listed does not necessarily equate to tax evasion; it simply indicates a definitive debt that exceeds 600,000 euros and has not been deferred. The most substantial debts are primarily clustered in Tenerife, Gran Canaria, and Fuerteventura.
Key Debtors from the Canary Islands
- Playa de Las Teresitas S. A. (Tenerife) holds a massive debt of 12 million euros, stemming from ongoing urban litigation that started in 2006.
- Hermanos Santana Cazorla SLU (Gran Canaria) owes 10.85 million euros; this once-prominent tourist property is stuck in judicial liquidation.
- Seguridad Integral Canaria SA (Gran Canaria) has a debt of 6.02 million euros, related to the closure and competition of its security company.
- Beleyma SL (Gran Canaria) is involved in litigation with the Cabildo over water concessions while owing 6.01 million euros.
- Oasis Dunas de Corralejo SA (Fuerteventura) holds 2.90 million euros, remaining in debt since the closure of its tourist complex in 2019.
- Oasis Village SA (Fuerteventura) has 1.78 million euros pending, and
- Oasis Papagayo SL (Fuerteventura) carries a debt of 1.59 million euros, both part of a sibling group of companies.
Additional Debtors of Concern
- Operadores Vacacionales SLU (Tenerife) leads with a debt of 12.67 million euros, stemming from the collapse of the Orizonia travel agency.
- Playa Paz Promociones SA (Gran Canaria) owes 1.58 million euros for an unsuccessful hotel project in Mogán.
- Playas del Jable SL (Fuerteventura) reports 1.16 million euros tied to tourist lands in Pájara.
- Femara Telde SL (Gran Canaria) contributes 1.13 million euros from its operations in the aggregates sector.
- Federico Hernández Martín (Tenerife) appears as an individual debtor with 1.14 million euros owing from his tenure as a bank executive.
- Promotora de Viviendas Islas Canarias Proviscan SL (Gran Canaria) lists a debt of 710,000 euros.
- Canarias New Travel SL (Gran Canaria) closes the notable list with 640,000 euros from an inactive travel agency.
These fourteen major debtors account for over 37 million euros in debts. The remaining hundred or so businesses and freelancers, each with debts ranging from 600,000 euros to one million, collectively contribute the 13 million euros that completes the total approximately 50 million euros owed by the Canary Islands to the tax authorities in the 2025 large debtors list, which represents about 0.3% of the national total.
Who’s Leaving the List?
This year, the Special Delegation of the Tax Agency in the Canary Islands has confirmed that 47 contributors are being removed from the list of large debtors after regularizing their status.
Notable contributors who have settled their debts include:
- Playa de Las Vistas SL (Arona, Tenerife) – paid 1.1 million euros on December 18, resolving a collection procedure dating back to 2020 due to unpaid dues.
- Inelsa-Zemen SA (Telde, Gran Canaria) – entered bankruptcy in 2022 but managed to sell part of its elevator portfolio to a competitor and paid 900,000 euros on November 12.
- Almacenes Marrero e Hijos SL, based in Tenerife, settled 780,000 euros and operates in retail distribution.
- Cafés Careca SA, located in Gran Canaria, paid 650,000 euros in the food sector.
- Desguaces Tenerife SL, also from Tenerife, regularized 620,000 euros from its recycling and scrap activities.
A Mixed Picture of Debt in 2025
Overall, the 2025 list of debtors paints a mixed image of the Canary Islands. While 47 debtors have either paid off or made arrangements, over a hundred still remain, led by historic cases like Las Teresitas and the Santana Cazorla brothers. On December 31, they will have another chance to escape the “snapshot” in 2026, although indications suggest this may not be their last opportunity.
