Skip to main content
Practical Income Manual 2021.

Phase 2: Determination of the net reduced return

Regulations: See Annex II and instructions 2.2 of Order HAC/1155/2020, of November 25 ( BOE of December 4).

The reduced net return is the result of reducing the previous net return by the amount of employment and investment incentives, in the manner established below:

  1. 1. Reduction due to employment incentives
  2. 2. Minority due to investment incentives