Tax incentives for small enterprises
If you are a small enterprise, these are the incentives you can benefit from
Losses for impairment of credits for possible debtor insolvencies
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The entity must be considered small in the tax period in which the loss is deductible.
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The amount of the provision cannot exceed 1% of the balance of existing debtors at the conclusion of the tax period.
For these purposes, the debtors for whom the loss due to impairment of credits due to insolvencies established in article 13.1 of the law of this tax and those others whose losses due to impairment do not have the character of deductible according to the provisions of said article.
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The balance of the provision made by this method at the close of the tax period may not exceed 1% of the aforementioned debtors existing at the conclusion of the same.
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Taxpayers who meet the conditions of article 101 of the LIS in the tax periods beginning in 2020 and 2021 may deduct, in said periods, losses due to impairment of credits derived from possible insolvencies of debtors when at the time of accrual of the Tax the period that has elapsed since the expiration of the obligation referred to in letter a) of section 1 of article 13 of said Law is three months.
Losses due to impairment of credits to cover the risk derived from the possible insolvencies of the debtors, carried out in the tax periods in which the conditions of a small company are no longer met, will not be deductible up to the amount of the balance of the deductible impairment loss when the entity was considered a small company.