Limitation of the deductibility of financial expenses

He Article 16 of the LIS establishes a series of limits on the deductibility of financial expenses as detailed in this section. In relation to this article, it is necessary to take into account the Resolution of July 16, 2012 ( BOE of July 17) issued by the General Directorate of Taxes, in order to delimit the interpretative criteria in the application of the limitation on the deductibility of financial expenses regulated in the then current article 20 of the RDLeg. 4/2004.