Deduction amount

For tax periods beginning on or after January 1, 2015, in order to mitigate the effects of the reduction in tax rates on the limitation on the deduction of amortizations corresponding to the years 2013 and 2014, Section 1 of the thirty-seventh transitional provision of the LIS established a new deduction on the full quota for taxpayers who pay taxes at the general corporate tax rate. .

Thus, according to the provisions of the aforementioned provision, taxpayers who pay taxes at the general tax rate provided for in article 29.1 of the LIS and the limitation on depreciation established in article 7 of Law 16/2012 applies to them, of December 27, which adopts various tax measures aimed at consolidating public finances and promoting economic activity, will be entitled to a deduction in the full quota of 5 percent (2 percent for tax periods beginning in 2015) of the amounts included in the tax base of the tax period in accordance with the third paragraph of the aforementioned article, derived from the amortizations not deducted in the tax periods that are have started in 2013 and 2014.