Investments in tangible fixed assets and property investment for economic activities, made available to the taxpayer in tax periods beginning in the years 2011 to 2015, will be redeemed freely without accounting entry.

Starting in 2011, the requirement for  maintenance of employment have been removed.  Made available from 2011, assets acquired within 2009 and 2010 are subject to the creation and maintenance of employment in the company.

Specifically, investments will be amortized free, meaning that in a fiscal year you can pay for a tangible or intangible assets (such as buying a vehicle) reducing benefits and of course reduces corporate taxes.

In contrast with the previous regulation of accelerated depreciation, the new one allowances, enables to move to subsequent years the income tax accrual.

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Persons or entities with related party transactions must make available to the tax authorities the documentation established by regulation.

Recently there have been a change regarding the requirement of documentation, this modification applies on the limit imposed on the obligations of the documentation.

Royal Decree 897/2010, of July 9, introduces a simplification through a new threshold that applies to all tax payers.

This new Royal Decree excluded from the above documentation requirements transactions in the tax period with the same person or related entity, when the amount of all such transactions does not exceed € 250,000.

So in case the total amount of transaction do not exceed the maximum allowed the elimination of the need to meet documentation requirements of the group as the taxpayer.

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