Deduction of 30% of the amount of expenses corresponding to accounting depreciation (excluding small companies)

Article of Law 16/2012, of December 27 , which adopts various tax measures aimed at consolidating public finances and boosting economic activity, established a temporary limitation on the deductibility of amortizations for tax periods beginning in 2013 and 2014.

It also established that the non-deductible accounting amortization expense will be deducted in a linear manner at the taxpayer's option over 10 years or over the useful life of the asset starting from the first tax period that begins in 2015.

Filling in form 200

As provided in the preceding paragraphs, for the tax periods beginning on or after January 1, 2015 the adjustment made will be reversed, either within 10 years or within the remaining useful life of the asset.

The amounts corresponding to said reversal will be recorded in "box [00505] Deduction of 30% of the amount of accounting amortization expenses (excluding small companies) (art. 7 Law 16/2012)" on page 12 of form 200.