Phase 2: Determination of reduced net income

Regulations: See Annex II e instruction 2.2 of the aforementioned Annex II Order HAC/1347/2024, of November 28 (BOE of November 30).

The reduced net return is the result of reducing the previous net return by the amount of the employment and investment incentives, as set out below:

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