Fiscal measures: i. VAT cash for freelancers and SMEs. a special regime created a cash basis. taxpayers whose turnover does not exceed two million euros, not included in the system modules will be eligible. double box system is applied; the employer may defer the income tax impact until the time of collection of invoices, but at the same time be delayed deduct VAT incurred on purchases until the time they made payments to its suppliers. It shall enter into force on 1 January 2014.
ii. Investment incentives benefit companies with a turnover of less than ten million may be deducted up to 10% of the profits have been obtained in the tax period reinvested in economic activity.
iii. prosecutors quality growth through business innovation Deductions for R & D that can be applied in an exercise incentives can be recovered through a refund system. The deduction is not conditioned to any limit on the full amount of income tax.
iv. tax incentives for the transfer of intangible assets ( "Patent Box") Extension of incentives for some intangible assets (Patent Box). It is intended that the incentive falls on net income derived from the loan and not on income from the same asset. the deduction is increased to 60% and the maximum deduction limit is removed.
v. tax incentives to "business angels" the figure of "Business Angel" is introduced to provide private equity companies new or recently created in order to encourage entrepreneurial activity: Deduction of 20% in state share in income tax on the occasion of the investment it made on entering society. The maximum base of the deduction will be 20,000 euros per year. Total exemption of goodwill to leave the company, in the event that another entity is reinvested in new or recently created
ii. Investment incentives benefit companies with a turnover of less than ten million may be deducted up to 10% of the profits have been obtained in the tax period reinvested in economic activity.
iii. prosecutors quality growth through business innovation Deductions for R & D that can be applied in an exercise incentives can be recovered through a refund system. The deduction is not conditioned to any limit on the full amount of income tax.
iv. tax incentives for the transfer of intangible assets ( "Patent Box") Extension of incentives for some intangible assets (Patent Box). It is intended that the incentive falls on net income derived from the loan and not on income from the same asset. the deduction is increased to 60% and the maximum deduction limit is removed.
v. tax incentives to "business angels" the figure of "Business Angel" is introduced to provide private equity companies new or recently created in order to encourage entrepreneurial activity: Deduction of 20% in state share in income tax on the occasion of the investment it made on entering society. The maximum base of the deduction will be 20,000 euros per year. Total exemption of goodwill to leave the company, in the event that another entity is reinvested in new or recently created
Important developments in Draft Law in Support for Entrepreneurs in Spain
![Important developments in Draft Law in Support for Entrepreneurs in Spain]()
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