Amounts paid from current transactions

The amount paid for current operations shall be the sum of all the amounts paid or paid for the acquisition or importation of goods and services, other than fixed assets, intended for the development of the activity, to the extent that they are deductible, by application of the general criteria for the deduction of the amounts paid in value added tax.

Compensation paid to taxable persons covered by the special scheme for agriculture, livestock farming and fisheries shall also be deductible.

Likewise, 1 per cent of the amount of the tax payable on current transactions will be deductible as ..

However, contributions paid outside the tax year and contributions paid for travel, hotel and catering services in the event that entrepreneurs or professionals carry out their activity in specific premises will not be deductible.

When goods and services are purchased or imported for joint use in several activities subject to this system, the amount to be deducted shall be that resulting from pro-rating according to their effective use, and if this procedure cannot be applied, in equal parts.

It should also be noted that the deduction of the tax paid or paid on current transactions will not be affected by the receipt of subsidies which do not form part of the taxable base for the activity under the simplified scheme.

Lastly, it should be borne in mind that the tax paid or paid will only be deductible in the self-assessment corresponding to the last tax period of the year in which it is deemed to have been paid or paid.