Expenses that are subject to the deduction for investments made by the port authorities

The sixth Final Provision of Royal Decree-Law 26/2020, of July 7, on economic reactivation measures to address the impact of COVID-19 in the areas of transport and housing, with effects for the tax periods that begin on or after January 1, 2020 that have not ended on July 9, 2020 (date of entry into force of the Royal Decree-Law), in relation to the new deduction for investments made by port authorities regulated in article 38 bis of the LIS, established in article 15 n) of the LIS a new non-deductible expense assumption .

For these purposes, the aforementioned article 15 n) of the LIS establishes that those expenses that are subject to the deduction for investments made by the port authorities will not be deductible regulated in said article 38 bis of the LIS, including those corresponding to the amortization of assets whose investment has generated the right to the aforementioned deduction.

Filling in form 200

In application of the provisions of article 15 n) of the LIS, the taxpayer in the tax period in which the aforementioned non-tax deductible expenses are recorded, must make a positive adjustment in box [02311] «Expenses that are subject to the deduction for investments made by port authorities (art. 15 n) LIS)» on page 12 of model 200.