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 this fiscal year, the net income from economic activities for the 2014 tax period which, this year, 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 in article 37 of the revised text of the Corporate Income Tax Law, with the special features established for this deduction in article 68.2 of the Personal Income Tax Law, in its version in force on 31 December 2014, if they meet the conditions and requirements established therein.