Deduction for expenses and investments of forestry companies (fifth and thirteenth additional provisions of Law 43/2003)

1. Scope

This deduction may be applied by forestry companies in force since October 20, 2015 and defined in the Fifth Additional Provision of Law 43/2003 , of November 21, on Forests, such as those groups of owners of plots susceptible to forestry use that transfer to said companies the rights of forest use indefinitely or for a certain period equal to or greater than twenty years.

2. Deduction amount

The Thirteenth Additional Provision of the aforementioned Law 43/2003 establishes that these forestry companies may deduct 10 percent of the expenses from the full amount of Corporate Tax. ##2##or investments made in the tax period in the conservation, maintenance, improvement, protection and access of the mountain .