Tax deduction increases for startup investing

Tax deduction increases for startup investing 

The modifications with respect to tax deduction will come effective on 01 January 2018: 
The taxpayers may claim a 30% deduction (the previous percentage was 20%) of the total amount. It can be requested in the period for the subscription of shares or participations in new or recently created companies that meet the requirements. 

The maximum deduction base will be 60,000 euros per year (the previous maximum base was 50,000 euros per year) and it will be grounded in the acquisition value of the shares and participations subscribed. 

The Section 68.1 of the Law on Personal Income Tax is replaced by the Section 66 of Law on General State Budgets for 2018). 

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