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Issues to consider when settling the tax in 2023

We inform you of the main developments for the 2023 Corporate Tax Campaign.

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Accelerated depreciation of certain vehicles

With effect for tax periods beginning on or after 1 January 2023, Law 31/2022, of 23 December, introduces with the Eighteenth Additional Provision of the LIS a new case of accelerated depreciation for investments in the following types of electric vehicles, as defined in Annex II of the General Vehicle Regulations, approved by Royal Decree 2822/1998, of 23 December:

  • Fuel cell electric vehicle (FCV)

  • Fuel Cell Hybrid Electric Vehicle (FCHV)

  • Battery Electric Vehicle (BEV)

  • Range Extended Electric Vehicle (REEV)

  • Plug-in hybrid electric vehicle (PHEV)

Vehicles must be new, be used for economic activities and be put into operation in the tax periods beginning in 2023, 2024 and 2025.

If the above requirements are met, may be amortized 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 , as a consequence of the modification of the eighteenth Additional Provision of the LIS by article 190 of Royal Decree-Law 5/2023, this case of accelerated amortization 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, regarding the implementation of an infrastructure for alternative fuels, affecting economic activities, and that come into operation in the tax periods that begin in 2023, 2024 and 2025 .

To apply this accelerated depreciation assumption, the taxpayer must :

  • Provide the mandatory technical documentation , according to the characteristics of the installation, in the form of a Project or Report, provided for in Royal Decree 842/2002, of August 2, prepared by the authorized installer duly registered in the Integrated Industrial Registry, regulated in Title IV of Law 21/1992, of July 16, on Industry, and in its implementing regulations.

  • Obtain the electrical installation certificate completed by the competent Autonomous Community.