Requirements, limits and deadline for application

1. Requirements

The port authorities must keep the appropriate specific accounting and documentary records that allow the identification of the expenses and investments to which the deduction is applied.

2. Limits

This deduction is excluded from the limits of 25 and 50 percent referred to in article 39.1 of the LIS . This deduction will not be taken into account for the purpose of the calculation of the aforementioned limit.

3. Deadline for application

The amounts not deducted in the tax period may be applied in the settlements of the tax periods that conclude within the immediate and successive 15 years .