8.10.1 Deduction

For tax periods beginning on or after January 1, 2015, in order to mitigate the effects of the reduction in tax rates on the limitation on the deduction of amortization corresponding to the years 2013 and 2014, the thirty-seventh transitional provision of the LIS in its first section, established a new deduction on the full amount for taxpayers who pay taxes at the general rate of Corporate Tax.

Thus, according to the provisions of the aforementioned provision, taxpayers who pay taxes at the general tax rate provided for in article 29.1 of the LIS and the limitation on depreciation established in article 7 of Law 16/2012 applies to them, of December 27, which adopts various tax measures aimed at consolidating public finances and promoting economic activity, will be entitled to a deduction in the full quota of 5 percent of the amounts included in the base. taxable amount of the tax period in accordance with the third paragraph of the aforementioned article, derived from the amortizations not deducted in the tax periods that began in 2013 and 2014.

This deduction, together with the one established in section 2 of the thirty-seventh transitional provision of the LIS, will be applied subsequently to the other deductions and bonuses that are applicable to the Corporate Tax.

Finally, it must be taken into account that amounts not deducted due to insufficient full tax may be deducted in subsequent tax periods.