Accelerated depreciation of certain vehicles

With effect for tax periods beginning on or after 1 January 2023, Law 31/2022, of 23 December, introduces in the new Eighteenth Additional Provision of the LIS a case of accelerated depreciation for investments in new vehicles FCV , FCHV , BEV , REEV or PHEV , as defined in Annex II of the General Vehicle Regulations, approved by Royal Decree 2822/1998, of 23 December, used for economic activities and which come into operation in the tax periods beginning in the years 2023, 2024 and 2025, which may be depreciated based on the coefficient resulting from multiplying by 2 the maximum linear amortization coefficient provided for in the officially approved amortization tables.

With effect from June 30, 2023, this accelerated amortization case is extended to investments in new charging infrastructure for electric vehicles, of normal power or high power, in the terms defined in article 2 of Directive 2014/94 /EU of the European Parliament and of the Council, of October 22, 2014, relating to the implementation of an infrastructure for alternative fuels, affecting economic activities, and coming into operation in the tax periods beginning in 2023, 2024 and 2025.

To apply this accelerated amortization assumption, the required technical documentation must be provided, according to the characteristics of the installation, in the form of a Project or Report, as provided for in Royal Decree 842/2002, of August 2, and the electrical installation certificate must be obtained, issued by the competent Autonomous Community.

You can consult the specifics of this new incentive in Chapter 5 of this Practical Manual.