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Practical Handbook for Companies 2021

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

The article 7 of Law 16/2012 of 27 December, which adopts various tax measures aimed at consolidating public finances and boosting economic activity, established a temporary limitation on the deductibility of depreciation for tax periods beginning in 2013 and 2014.

It also established that the non-deductible accounting depreciation expense will be deducted on a straight-line basis at the taxpayer's option over 10 years or over the useful life of the asset as from the first tax period starting in 2015.

Filling in form 200

In accordance with the above paragraphs, for tax periods beginning on or after 1 January 2015 the adjustment shall be reversed, either within 10 years or within the remaining useful life of the asset or liability.

The amounts corresponding to this reversal shall be included in "Box [00505] Deduction of 30% of the amount of accounting depreciation expenses (excluding small companies) (art. 7 Law 16/2012)" on page 12 of form 200.