6. Tax deductible taxes

The following concepts are included within this category, which appear differentiated in the declaration of the PIT

a. VAT supported

It will not be included within the deductible expenses of the economic activity carried out VAT supported in said operations, whose installments are deductible in the self-assessments of this tax. 

On the contrary, it should be included within the deductible expenses of the economic activity carried out VAT, including, where applicable, the equivalence surcharge, supported in said operations, whose quotas are not deductible in the self-assessments of the company itself VAT of this tax. Among other assumptions, this circumstance will occur when the economic activity carried out is subject to the following special regimes of the VAT:

• Special Regime of the Equivalence Surcharge.

• Special regime for agriculture, livestock and fisheries.

For its part, the VAT supported corresponding to the acquisition of fixed assets assigned to the activity that is not deductible in this last tax, must be integrated as a higher acquisition value of said elements, so its consideration as an expense in the PIT will be carried out through the corresponding amortizations.

b. Other tax-deductible taxes

This concept includes non-state taxes and surcharges, parafiscal levies, rates, surcharges and special state contributions that cannot be legally passed on, provided that they affect the computed income, are not of a penal nature and correspond to the same fiscal year as the income. Examples of non-state taxes are the Tax on Economic Activities ( IAE ) and the Tax on Real Estate ( IBI ) corresponding to the economic activity carried out.

Criminal and administrative sanctions, surcharges for the executive period and the surcharge for late declaration without prior request are not considered deductible expenses.