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A taxpayer inquired whether they could apply the reduction for commencement of activity in 2016 after having incurred negative income in 2015. The DGT ruled that the reduction applies to the first tax period in which income is positive and to the subsequent period.
Question posed: Possibility of applying the reduction for commencement of activity in 2016, since in the year 2015 it could not be applied due to having obtained negative net income.
The 20 percent reduction on the positive net income applies in the first tax period in which it is positive and in the subsequent period. In the case consulted, the reduction is not applicable in 2016 because it is neither the first period with positive income nor the period immediately following the first.
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