On December 3 was published in the Official State Bulletin Royal Decree-Law 13/2010, of December 3, in proceedings in tax matters, labor and liberalization to encourage investment and job creation.
From the fiscal standpoint Royal Decree-Law includes reforms that were on the Draft Sustainable Economy Act and that time had not come into force. Schematically are:
INCOME TAX. With effect for tax periods beginning on or after January 1, 2011, introduced the following modifications:
a) Amendment of paragraph 2 of Article 16 in relation to documentation requirements for transactions relating to the subject of weigh the net amount of turnover to 10 million euros. Therefore not be required documentation regarding such transactions to persons or entities whose net turnover given in the tax period is less than 10 million, provided that the total transactions made in the period not exceeding aggregate amount of 100,000 euros in market value.
b) is raised from 8 to 10 million euros the maximum net turnover to qualify for the scheme of Reduced Dimension Entities. In the same vein, allows entities to continue to enjoy the benefits of the scheme during the three years immediately after that in which the figure exceeds 10 million limit.
c) Increase the amount to which the tax base of the entities of small size is taxed at the reduced rate of 25%, and that happens to be 300,000 euros.
d) Extending the application deadline for micro-enterprises with a turnover of less than 5 million euros and a workforce of less than 25 employees, being able to accommodate the tax rate of 20%, stating that in tax periods beginning in the years 2009, 2010 and 2011 may apply the following scale:
, - For the BI between 0 and 20% EUR 120,202.41
- The part of the BI remaining 25%
e) A system tax accelerated depreciation for new fixed asset investments which concern economic activities without this tax incentive is provided to maintain employment, as before, expanding the temporal scope of such incentive in three years until 2015.
INCOME TAX. By further additional provision to the Income Tax Act provides that personal income taxpayers may apply accelerated depreciation for new investment planned for corporation tax, the net income limit of positive activity that is affecting those assets.
transfer tax and stamp duty. It amends Article 45 of the current Consolidated Tax levy to exempt corporate operations mode all operations for the creation, capitalization and maintenance companies.
addition to all the previous tax issue, the Royal Decree-Law regulates the elimination of compulsory Permanent chamber resources, as well as streamlining the procedures for the Constitution Limited Partnership.
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