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V0174-21 ·3 February 2021 ·consulta-vinculante Medium impact
Tax

Maximum depreciation rate for olive groves under simplified direct estimation is 2%

A taxpayer engaged in olive farming seeks clarification on the applicable depreciation rate under the simplified direct estimation method. The Directorate General for Taxes (DGT) rules that the 2% rate specified in the simplified depreciation table must be applied, though this may be doubled in certain instances in accordance with the Corporate Tax Act.

In 6 key points

How it affects those involved

This ruling clarifies the depreciation limits for agricultural assets, specifically olive groves, for taxpayers using the simplified direct estimation method, ensuring consistency with the Corporate Tax Act regarding potential rate doubling.

Lifecycle

2021-02-03PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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