Deduction for expenses and investments of forestry companies (DA 5th and DA 13th Law 43/2003)

• Area of application

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

• Amount of deduction

The Thirteenth Additional Provision of the aforementioned Law 43/2003 establishes that these forestry companies may deduct from the total amount of Corporate Tax 10 percent of the expenses or investments they make in the tax period in the conservation, maintenance, improvement, protection and access to the forest.