INTIEASpain · Spain mobility stimulus - Increase in the deduction for technological innovation in the field of automotive industry value chainPolicyIn force

Spain mobility stimulus - Increase in the deduction for technological innovation in the field of automotive industry value chain

This policy, as part of Spain's mobility stimulus, increases the corporate tax deduction for technological innovation in the automotive industry value chain. With the aim of increasing investments in innovative processes in the supply chains for the auto industry, fiscal…

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Country / jurisdiction: Spain · Year: 2020 · Status: In force · Level: National · Type: Voluntary

This policy, as part of Spain's mobility stimulus, increases the corporate tax deduction for technological innovation in the automotive industry value chain. With the aim of increasing investments in innovative processes in the supply chains for the auto industry, fiscal deduction in innovative processes will increase for companies, from 12% to 25% reduction. This measure will promote the modernization of the productive processes of different sectors, including industrial and automotive.

Official source: https://www.lamoncloa.gob.es/serviciosdeprensa/notasprensa/transportes/Documents/2020/15062020_PlanAutomocion2.pdf

Source

https://www.iea.org/policies/11573

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