Tax incentives for small enterprises
If you are a small enterprise, these are the incentives you can benefit from
Freedom to depreciate
New items of tangible fixed assets and property investments used for business activities may be freely depreciated provided that, during the 24 months following the date of commencement of the tax period in which the assets acquired become operational, the total average workforce of the company is increased in relation to the average workforce of the previous 12 months, and this increase is maintained for a further period of 24 months.
The amount of the investment which can benefit from the regime of freedom of depreciation will be that resulting from multiplying the figure of 120,000 euros by the above-mentioned increase calculated to two decimal points.
To calculate the total average staff of the organisation and the growth thereof, the number of persons employed will be decided in accordance with the provisions of labour legislation, taking into account the contracted hours in relation to a full day.
The freedom of depreciation shall apply from the date of entry into operation of the eligible items.
The established system will also be applied to the items requested under a contract for the execution of work signed in the tax period, provided they are made available within 12 months of its conclusion. This will also apply to items of tangible fixed assets and property investments constructed by the company itself.
In the event of non-compliance with the obligation to increase or maintain the workforce, the full amount corresponding to the amount deducted in excess plus the corresponding interest for late payment must be paid. The payment of the full tax liability and late payment interest will be made together with the self-assessment corresponding to the tax period in which one or other obligation has not been fulfilled.
Yes. New items of tangible fixed assets and property investment, used for economic activities, subject to a financial leasing contract and placed at the disposal of the company in the tax period in which it is considered to be a small company, may enjoy freedom of depreciation on the condition that the purchase option is exercised and the requirements established regarding the increase and maintenance of employment are met.