9.8.2.2.1. Common standards

MAXIMUM LIMIT OF THE SET OF DEDUCTIONS

The amount of deductions for fiscal year 2017 and balances pending application from previous fiscal years may not exceed jointly of 25 percent of the quota that results from reducing the sum of the full state and regional or complementary contributions (boxes 0514 and 0515) in the total amount of the deduction for investment in habitual residence (boxes 0516 and 0517), for investments and expenses in assets of cultural interest ( boxes 0519 and 0520) and by investment in new or recently created companies (box 0518).

However, this limit is raised to 50 per 100 for general regime deductions, when the amounts of the deductions for scientific research and technological innovation activities and for the promotion of information and communication technologies that correspond to expenses and investments made in the tax period itself, exceed 10% of that same quota.

These limits are calculated and applied by the program.

AMOUNTS NOT DEDUCTED

The amounts corresponding to the tax period not deducted for exceeding the maximum limit may be applied, respecting the same limits, in the liquidations of the tax periods that conclude in the next fifteen years.

However, the amounts corresponding to the deductions for scientific research and technological innovation activities and for the promotion of information and communication technologies may be applied in the liquidations of the tax periods that end in the immediate and successive eighteen years.

Deductions pending to apply as of January 1, 2017.

Deductions pending to be applied on January 1, 2017 from previous years may also be applied within a period of 15 or 18 years, as appropriate.

MAINTAINING INVESTMENT

Assets subject to the deductions provided for in Articles 35 to 39 of the Corporate Income Tax Law must remain in operation for five years, or three in the case of movable property, or for their useful life if this is less.

The deducted amount, in addition to late payment interest, will be paid together with the corresponding fee for the tax period in which non-compliance with this requirement is manifested.

SINGLE DEDUCTION FOR INVESTMENT

The same investment may not give rise to the application of the deduction to more than one person or entity.

Completion

The calculation of deductions for business investment is not performed by the program.

For the purposes of completion, a data capture window will open for each deduction in which you must provide the amount of the deduction, not the investment , and the amount you wish to apply, the latter may be lower if you do not wish to apply the entire amount in the 2017 declaration.

The program will apply the amount provided as long as it does not exceed the established maximum limits. If the indicated amount exceeds the applicable limit, the latter will apply.