This type of R&D&i deduction, which is intended to recognize the effort businesses put forth in the development of innovative activities, is available to all Corporation Tax taxpayers.
At most, this tax deduction can save up to 59% of the expenditure incurred in R&D projects, and 12% in projects classified as IT.
In this way, the advantage of R&D&i deductions is that companies maximize the benefits they obtain by carrying out Research.
Development, and Technological Innovation activities.
R+D+i Tax Deduction Services
We support the company during this process and showcase our abilities as consultants by precisely identifying the qualification and costs connected with the project that will win the administration’s endorsement.
Deductions Innovative Projects
Its potential can amount to up to 67% of the expenditure incurred in R&D projects, and 12% in projects classified as IT.
It’s crucial that businesses understand that, even if they have losses and cannot use R&D&i deduction.
They can still monetize these deductions thanks to the so-called “R+D+i tax check” following the effective date of Law 14/2013 on Support for Entrepreneurs.
- The Treasury will make an income to the company in cash for 80% of the deduction generated.
- The deduction will be paid at least one year later, once the taxreliefservices period in which it was generated has ended.
- The company must obtain a Reasoned Report or a Prior Valuation Agreement stating the total figure for the projects that generate the deduction.
What are the general deductions?
Medical-assistance fees
Insurance premiums in the event of death
You can deduct what you pay for life insurance.
In the case of mixed insurance, you can only deduct the part that covers the risk of death.
Except for cases of private retirement insurance administered by entities subject to the control of the Superintendence of Insurance.
Donations
Interest on Mortgage Loans
You can include the amount of interest on mortgage loans for the purchase or construction of real estate destined for a homeroom, up to the amount of $20,000 per year.
Funeral Expenses
Rentals
Up to 40% of the rent of your home is deductible, provided that this amount does not exceed the non-taxable minimum detailed below for each period and that you do not own a property in any percentage.
It is necessary to have the invoice or an equivalent document provided by the landlord for the amount paid in order to deduct the rent.
Whoever is going to deduct this concept must send a copy of the rental contract in.
pdf format through the SiRADIG-Worker tax code service.
You must do this the first time you go to compute the deduction and with each renewal of the contract.
Particular houses
People who have private household staff in their charge can deduct the remuneration and employer contributions paid.
The deductible annual amount may not exceed the annual non-taxable profit detailed below for each period:
Contributions made by sponsoring partners to Reciprocal Guarantee Societies – Reimbursement of contributions from sponsoring partners to Reciprocal Guarantee Societies
The deduction will operate for 100% of the contribution made and must not exceed that percentage in any case.
The degree of use of the risk fund in the granting of guarantees must be at least 80% as an average in the period of permanence of the contributions.
This information can be provided from the “deductions and allowances” tab and also from the “adjustments” tab.
Premiums that cover the risk of death and savings premiums
Corresponding to mixed insurance, except for the cases of private retirement insurance administered by entities subject to the control of the National Insurance Superintendence.
In which both the premiums that cover the risk of death and the savings premiums will be deductible.
brokers and traveling salesmen
When they use their own car, they can deduct the tax amortization of the vehicle and,
Where appropriate, the interest on debts related to its acquisition.
In the event that the vehicle is intended, in part.
For private use or others, the proportion of such concepts that correspond to affect the activity of the broker or commercial traveler must be indicated.
Mobility expenses, travel expenses, and other similar compensation paid by the employer
They are eligible for deductions in the amounts specified by the applicable Collective Bargaining Agreement for the activity in the issue.
