Restatement
Provisional deductions are regularized by applying the definitive percentage corresponding to the first four calendar years of the usual fiscal year of the delivery of goods and provision of services.
The final percentage to be applied to the VAT borne before the start of operations is calculated as follows:
Final percentage:
(Operations eligible for deduction in the first 4 years ÷ Total operations in the first 4 years) x 100
Regularization calculation:
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It is based on the provisional deductions made.
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The final deductions are subtracted by applying the final deduction percentage to the quotas incurred before carrying out the operations.
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The difference, positive or negative, will be the additional income or deduction to be made.
Schematically:
(deductions made - final deductions) = (- complementary deduction + complementary income)
The regularization of the deductions corresponding to the investment assets must be extended to the following years by the investment asset regularization procedure.
For these purposes, the deduction percentage applicable in the year of acquisition of the asset is replaced by the definitive deduction percentage corresponding to the first four years of the fiscal year of the delivery of goods or provision of services referred to in the previous paragraphs.
Example:
Machinery acquired in year “n” before starting deliveries of goods for the activity. The use of the machinery begins in year “n + 3” and the activity starts on January 1 of year “n + 2”.
The provisional deduction for machinery made in year “n” will be regularized based on the overall deduction percentage for the first four years of carrying out the activity (“n + 2”, “n + 3”, “n + 4” and “n + 5”). In addition, the deduction for investment assets will be regularized during the years that remain to pass, in this case, years “n + 6” and “n + 7”.