Deduction for business contributions to corporate social security systems

The fifth Final Provision of Law 12/2022, of June 30, regulating the promotion of employment pension plans, which modifies the consolidated text of the Law on the Regulation of Pension Plans and Funds, approved by Royal Legislative Decree 1/2002, of November 29, with effects for tax periods beginning on July 2, 2022, adds article 38 ter to the LIS , to incorporate a new deduction in the full quota for business contributions to corporate social security systems charged in favor of workers.

For these purposes, the taxpayer may apply a deduction in the full amount of 10 percent of the business contributions imputed in favor of workers with gross annual remuneration of less than 27,000 euros , provided that such contributions are made to employment pension plans, corporate social security plans, or pension plans regulated in the Directive ( EU ) 2016/2341 of the European Parliament and of the Council, of December 14, 2016, of which said taxpayer is the promoter.

In the case of workers with gross annual remuneration equal to or greater than 27,000 euros , the deduction will be calculated on the proportional part of the business contributions that correspond to the 27,000 euros mentioned in the previous paragraph.