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Form 100. Personal Income Tax Return Declaration 2017

Amortizations and provisions in simplified direct estimation

The simplified modality of the direct estimation regime has the following special rules regarding the determination of deductible expenses:

  1. Depreciation of property, plant and equipment must be carried out on a straight-line basis based on a simplified depreciation table, special for this modality.

  2. The set of deductible provisions and expenses that are difficult to justify will be quantified exclusively by applying the percentage of 5 per 100 on the net return, this calculation is carried out and applied by the program in the box 0129. The maximum deductible amount for this concept will be 2,000 euros per year.

However, this deduction percentage will not apply when the taxpayer chooses to apply the reduction for the exercise of certain economic activities.

Otherwise, the rules on deductibility of expenses are similar to those established for the normal modality of the normal direct estimation regime.

In general, expenses provided for in accounting regulations are considered deductible, as long as they are not expressly excluded by a tax rule.

For an expense to be tax deductible, it is also necessary that it has been accrued, is accounted for and that adequate justification is available (generally a complete invoice).

FISCALLY DEDUCTIBLE AMORTIZATIONS. SIMPLIFIED DIRECT ESTIMATION

AMORTIZATION OF PROPERTY AND PROPERTY ASSETS , tax deductible

Depreciation of property, plant and equipment will be carried out on a straight-line basis based on the following simplified depreciation table, approved by the Order of March 27, 1998 (BOE of March 28):

Group

Asset-related elements

Maximum linear coefficient

Maximum period

Percentage

Years

1

Buildings and similar

3

68

2

Installations, furniture, goods and rest of the tangible fixed assets

10

20

3

Machinery

12

18

4

Transport features

16

14

5

Equipment for information processing, and computer systems and programs

26

10

6

Chattels and tools

30

8

7

Bovine, porcine, ovine and caprine stock

16

14

8

Horse cattle and non-citric fruit trees

8

25

9

Citric fruit trees and vineyards

4

50

10

Olive grove

2

100

The elements of property, plant and equipment will begin to be depreciated as soon as they are put into operating condition.

The assets must be amortized, excluding their residual value, within their useful life period, which is understood to be the maximum amortization period provided for in the tables.

ACQUISITION OF ASSETS BETWEEN JANUARY 1, 2003 AND DECEMBER 31, 2004.

For acquisitions of new assets carried out between January 1, 2003 and December 31, 2004, the maximum linear amortization coefficients established in the official tables of amortization coefficients will be understood to be replaced, in all references to them made, by the result of multiplying those by 1.1. The new coefficient will be applicable during the useful life of the new assets acquired in the aforementioned period.