Title II of the recently published Law 14/2013, of 27 September, on support for entrepreneurs and their internationalization, regulates tax incentives applicable not only to entrepreneurs but also to different groups of taxpayers:
- A new deduction has been established for the investment of profits in certain assets; this is applicable only to small companies and taxpayers engaged in economic activities.
- The so-called "Patent Box" regime is amended.
- An optional regime allowing application of the R&D&I deduction with no limit on the total tax due, provided that certain requirements are met.
- A deduction is established for payers of the Personal Income Tax who invest in newly-created companies.
A new special VAT regime is also introduced: cash-basis accrual for entrepreneurs with a turnover below € 2 million in the immediately preceding year.
To obtain more detailed information about each of these changes please click here.