Modifications introduced to Corporate Income Tax by the Entrepreneur Law
DOI:
https://doi.org/10.51302/rtss.2013.3206Keywords:
Corporate Income Tax, intangible assets, rollover relief, Research & Development, Innovation and deductionsAbstract
Corporate Income Tax, regulated by Royal Decree 4/2004, of 5th March, has been modified in some aspects by Law 14/2013, of 27th September, of Incentives for Entrepreneurs and its internationalization, in articles 25, 26 and its eighth final disposition.
The scope of the modifications contained in the CIT law, in order, are exposed as follows:
1. Reduction of revenues from certain intangible assets (art. 23 CIT Law).
2. New rollover relief on SME companies (art. 37 CIT Law).
3. New deduction for the employment of impaired workers (art. 41 CIT Law).
4. Common rules for tax incentives application (art. 44 CIT Law). Application of Research & Development & Innovation incentives without limit with respect to the adjusted tax payable and the establishment of the incompatible application of these incentives, unless expressly stated otherwise by law.
5. No further application of the super reduced tax rates (first 300.000 € taxable base taxed at 15 % and onwards at 20 %) (redrafting of the nineteenth additional disposition).
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