7.4.3.10. Extraordinary expenses due to exceptional circumstances

When the development of the activity is affected by fires, floods, subsidence or other exceptional circumstances that determine extraordinary expenses outside the normal process of carrying out the activity, the net income may be reduced by the amount of said expenses, provided that this circumstance has been brought to the attention of the Tax Administration within 30 days from the date on which it occurred. The amount will be entered in box 1477.

Amounts that, in a previous fiscal year, in accordance with the criteria for temporary imputation, increased the net return of modules and that, due to unforeseen circumstances and in accordance with said criteria, must reduce the net return of modules for this fiscal year, may also be included in this box.

For example: The refund of a current subsidy will entail a reduction in the net return of modules for the year in which the refund is made and the refunded amount will be entered in this box.