Are the Canary Islands part of the European Union?
“The islands are outside European Union customs territory, though politically within the EU. The ISO 3166-1 α-2 code IC is reserved for representing them in customs affairs. Goods subject to Spanish customs and excise duties and Value Added Tax (VAT), such as tobacco or electronic goods, are therefore significantly cheaper in the Canaries. Spanish magazines usually have a similar or higher price than in the peninsula since VAT is substituted with air transport costs. The islands do not have a separate Internet country code from the rest of Spain. The currency is the euro.
