Deduction for reinvestment of extraordinary profits (DT 7, LIS and art. 42, ROLLEg. 4/2004)
As provided for in the seventh section of the transitory provision of the LIS , income received from the deduction for reinvestment of extraordinary profits provided for in article 42 of the RDLP. 4/2004, According to the current wording of tax periods beginning before 1 January 2015, will be regulated by the provisions therein established and in its implementing rules, even if the reinvestment and other requirements occur in tax periods beginning from 1 January 2015.
The conditions and requirements set out by the Corporation Tax Act for the application of deductions for reinvestment of extraordinary profits in the tax periods beginning from 1 January 2015 are as follows: