Non deductible expenses

Non-deductible expenses include:

• Those representing remuneration of own funds

• Fines and penal and administrative sanctions, urgency charges and surcharges for late filing of returns/assessment and self-assessments.

• Gambling losses.

• Donations and liberalities

  No donations or liberalities are considered to be expenses for public relations with customers or suppliers or those that, according to the uses and customs, are they are carried out with regard to the company's personnel, or those carried out to promote, directly or indirectly, the sale of goods and the provision of services, or those that are correlated with income. However, these expenses are subject to the limit of 1% of the net turnover for the tax period.

• Expenses of activities contrary to the legal system.

• The expenses of services corresponding to operations carried out, directly or indirectly, with people or entities resident in countries or territories classified by regulation nature of tax havens, or that are paid through persons or entities resident in them, unless it is proven that the expense is due to an actual transaction or transaction carried out.

• Financial expenses accrued in the tax period, derived from debts with Group entities according to the criteria established in article 42 of the trade, regardless of the residence and the obligation to formulate consolidated annual accounts, for the acquisition, to other Group entities, of holdings in the capital or own funds of any type of entity, or to making contributions in the capital or equity of other entities Group entities, unless the taxpayer proves that there are economic reasons valid for carrying out these operations

• Contributions to Mutual Societies for Social Welfare of the employer or professional, without prejudice to the fact that they may be subject to a reduction in the general part of the taxable base .

• Expenses corresponding to transactions carried out with related persons or entities that, as a result of a different tax rating in these, do not generate income or generate an exempt income or subject to a nominal tax rate of less than 10 per 100. 

• Personnel expenses corresponding to compensation derived from the termination of the employment relationship, whether common or special, or the business relationship, of directors or members of the Boards of Directors, of the Boards that make their times and other members of other representative bodies, produced from the 1 January 2013, when the greater of the following amounts are exceeded for each recipient.

  1. 1,000,000 Euros.

  2. The amount established as mandatory in the Workers'Statute for dismissal or termination.