Phase 2: Determination of reduced net income
The determination of the reduced net income is the result of deducting from the previous net income determined in phase 1 above the amounts that, in the concept of amortization of tangible and intangible fixed assets (except forestry activities), correspond to the effective depreciation suffered by the different elements due to operation, use, enjoyment or obsolescence.
To establish the amortization of tangible and intangible fixed assets, the following must be taken into account: