For investment in the acquisition of shares or equity interests in entities that carry out certain projects declared to be of special public, social or economic interest

Regulations: Art. 5.Twenty- Text Consolidated legal provisions of the Autonomous Community of Galicia on taxes ceded by the State, approved by Legislative Decree 1/2011, of July 28

Maximum amount and basis of the deduction

20 percent of the amounts invested during the financial year in the acquisition of shares or equity interests, as a result of agreements for incorporation of companies or capital increases , of those entities whose exclusive corporate purpose is the execution of projects that are declared to be of special public, social or economic interest, as referred to in articles 17 and 20 of Law 2/2024, of November 7, on the promotion of the social and economic benefits of projects that use the natural resources of Galicia.

To this end, the aforementioned Article 17 regulates the "Declaration of special public, social and economic interest of renewable energy production projects and their infrastructures", in the following terms:
- 1. Projects for the production of energy from renewable sources and their associated infrastructure may be declared of special social and economic interest by the Galician Regional Government Council at the proposal of the department responsible for energy.
- 2. For the declaration of special social and economic interest, the benefits of the projects will be assessed at the discretion of the law. In particular, the declaration may apply to projects that meet any of the following requirements:
  - a) Renewable projects that sign energy purchase agreements at a competitive price.
  - b) Renewable energy projects that involve certain investments in the territory or the execution of business projects.
  - c) Renewable projects for self-consumption of electricity.
  - d) Projects for the repowering and technological updating of existing wind farms.
A maximum base of 10,000 euros is established for each entity regardless of whether the investment is made in one or several tax periods.

The maximum base cited will be similar to in individual taxation and in joint taxation.

Incompatibility

This deduction is incompatible with any other regional deduction that is applicable for the same investment in capital .

It therefore follows incompatible, with respect to a same investment, with the application of the regional deductions “For investment in the acquisition of shares or equity interests of newly created or recently created entities”, “For investment in the acquisition of shares or equity interests of newly created or recently created entities and their financing”, “For investment in shares of entities listed in the segment of companies in expansion of the alternative stock market” and “For investment in companies that carry out agricultural activities”.

Note: Once the information necessary for its calculation has been entered by the taxpayers entitled to the deduction, it will be automatically transferred to the section "Additional information to the regional deduction of Galicia for investment in the acquisition of shares or equity interests in entities that carry out certain projects declared to be of special public, social or economic interest" of Annex B.13 of the declaration.