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Form 100. 2019 Personal Income Tax return

10,11,8. For investment in the acquisition of shares or social holdings in new or recently created entities

Taxpayers can deduct 3% of the amounts invested during the year in the acquisition in the whole autonomous community quota 0 of shares or social holdings as a result of agreements to set up companies or increase capital in limited, limited companies, cooperatives, anonymous or limited companies, with a maximum limit of 6,000 euros.

Requirements

  1. The taxpayer's participation, calculated together with that of the spouse or persons linked by reason of kinship, in direct line or collateral, by consanguinity or affinity up to the third degree included, cannot be greater than 40% or less than 1% of the share capital of the company that is the subject of the investment or its voting rights at any time and three years following the constitution or extension.

  2. The entity in which the investment must materialize must meet the following requirements:

    1. You must have your registered office and tax address in Galicia and keep it for the three years following the constitution or extension.

    2. It must carry out an economic activity for the three years following the constitution or extension. To this end, the main activity of the company is not to manage movable or immovable assets.

    3. At least one person is employed with a full-time employment contract, registered in the General Social Security Scheme, and with his/her usual residence in Galicia, for the three years following the constitution or extension.

    4. If the investment was made through a capital increase, the company must have been incorporated in the previous three years on the date of this extension, provided that, in addition, during the 24 months following the start date of the tax period on companies in which the extension was made, their average workforce with their habitual residence in Galicia would have increased, at least in one person with regard to to the average workforce with regular residence in Galicia in the previous 12 months, and that this increase is maintained for an additional period of another 24 months.

      The average total workforce of the company will be calculated and the increase will be taken by the employees, in the terms provided for by labour law, taking into account the working day contracted in relation to the full working day.

  3. The transactions in which the deduction is applicable must be formalized in a public deed, in which the identity of the investors and the amount of the respective investment must be specified.

  4. The shares acquired must be held in the taxpayer's assets for a minimum period of three years, following the constitution or extension.

Increased deduction

The deduction may be increased by an additional 15 for an additional 100 when, in addition to meeting the requirements established for the deduction in general, one of the following circumstances occurs:

  1. These are limited, limited companies, labour companies and cooperatives that prove to be small and medium-sized innovative companies, in accordance with the provisions of order ECC/1087/2015, of 5 June, regulating the acquisition of the mark of small and medium-sized innovative company and the operation of the Register of Small and Medium-sized Innovative Company is created and regulated.
  2. These are limited, limited companies, labour companies and cooperatives that prove to be promoting companies of a business project that has accessed the acquisition as a technological employment initiative, in accordance with Decree 56/2007 of 15 March, by which establishes a programme to support technology-based employment initiatives (IEBT), by registering the initiative in the Administrative Register of Technological Base Business Initiatives.
  3. These are limited, limited companies, labour companies and cooperatives owned by universities or research bodies

The maximum deduction limit in this case is 9,000 euros.

Incompatibility

The deduction contained in this section will be incompatible, for the same investments, with deductions for investment in the acquisition of shares or holdings social in new or recently created companies and their financing, for investment in shares of entities listed in the expanding companies segment of the alternative market, stock market and investment in shares of companies listed in the expanding segment of the alternative market, stock exchange and investment in agricultural companies and agricultural cooperatives or land exploitation companies

Completion

You must indicate the amounts invested with the right to deduction. In the event of marriage, and if the investment is common to both, you must state 50% in each spouse's tax return.

It must reflect the NIF of the entity in which the investment is made.

If the investment is carried out in small and medium-sized enterprises or in which they are invested by universities or research bodies or in a qualified enterprise project of a technology-based employment initiative, the box set up for this purpose will be marked.

The program will transfer the amount to Annex B7