PORTAL INSTITUCIONAL DEL MINISTERIO DE HACIENDA

Authorisations. Prior valuation agreements for expenses corresponding to scientific research and technological innovation projects.

Prior valuation agreements for expenses corresponding to scientific research and technological innovation activities that are to be considered valid for the deduction referred to in article 35, the Tax Act. The Tax Administration must apply the valuation of costs resulting from the resolution while it is in effect, provided the legislation is not modified or the economic circumstances on which the valuation is based do not vary significantly. The agreement must indicate the expiry date of the valuation, which cannot be greater than three years.