Phase 2: Determination of reduced net income

Regulations: See Annex II and instructions 2.2 of Order HAC/1264/2018, of November 27 (BOE of the 30th).

The reduced net return is the result of reducing the previous net return by the amount of the employment and investment incentives, as set out below:

1. Reduction due to employment incentives
2. Minority due to investment incentives