9.8.2.2.6. For investment of profits

Article 37 TRLIS stated in its section 2 that “The investment in assets related to economic activities must be made within the period between the beginning of the tax period in which the profits to be invested are obtained and the two subsequent years or, exceptionally, in accordance with a special investment plan approved by the tax authorities at the proposal of the taxpayer” and in its section 3 that “The deduction will be applied to the full amount corresponding to the tax period in which the investment is made”.

In accordance with the above, for 2019, the net income from economic activities of the 2014 tax period that, in 2019, is invested in new items of tangible fixed assets or real estate investments, exceptionally, in accordance with a special investment plan approved by the tax authorities at the proposal of the taxpayer, may give rise to the application of the deduction for investments of article 37 of the consolidated text of the Corporate Income Tax Law, with the special features established for this deduction by article 68.2 of the Personal Income Tax Law, in its wording in force on December 31, 2014, if they meet the conditions and requirements established therein.