4.2.8 Code 00505 30% deduction amount for accounting amortization expenses (excluding small companies) (Article 7 Law 16/2012)

Article 7 of Law 16/2012, of December 27, which adopts various tax measures aimed at consolidating public finances and promoting economic activity, established for tax periods beginning in 2013 and 2014, a temporary limitation on the deductibility of amortizations.

Likewise, it established that the non-deductible accounting amortization expense will be deducted on a straight-line basis at the taxpayer's option over 10 years or over the useful life of the asset element starting from the first tax period that begins in 2015.

Therefore, according to the provisions of the previous paragraphs, for the periods beginning on January 1, 2015, the adjustment made will be reversed, either within a period of 10 years or within the remaining useful life of the element. patrimonial.

The amounts corresponding to said reversal will be collected in the decreases key [00505] and, where applicable, in their corresponding breakdown boxes.