9.8.2.2.5. By investment of benefits

Article 37 TRLIS stated in section 2 that “Investment in assets used for economic activities must be carried out within the period between the beginning of the tax period in which the profits under investment are obtained and the following two years or, exceptionally, in accordance with a special investment plan approved by the Tax Administration at the proposal of the taxpayer” and in section 3 that “The deduction will be made in the full amount corresponding to the tax period in which the investment is made.”

In accordance with the above, for this year the net returns from economic activities of the 2014 tax period that, in this year, are invested in new elements of tangible fixed assets or real estate investments, exceptionally, in accordance with a special investment plan approved by the Tax administration at the proposal of the taxpayer, may give rise to the application of the investment deduction of article 37 of the consolidated text of the Corporate Tax Law, with the specialties established for this deduction in article 68.2 of the Personal Income Tax Law, in its current wording as of December 31, 2014, if they meet the conditions and requirements that were required therein.