Frequent errors before the tax deductions of R + D + i

Deducciones fiscales I+D+i, errores frecuentes After seeing the business news in day to day, there is a big problem with tax deductions for R & D & I and more specifically with the justification of these against the Treasury.

The general ignorance can give rise to problems before future inspections (up to 5 years after its application) and this deduction being the most important one at present.

The general tonic is, first we deduct ourselves and then we think about how to justify this amount, only if my tax advisor can see problems. The correct approach is just the opposite, once I can defend the deduction, I apply it.

In our day to day we hear many concepts that are fiscally wrong. that part of a wrong assumption: “A R & D project with public funds is equal to the amount of R & D that I deduct in Tax Societies” . Some of the phrases heard during our visits are:
– “I have a binding report and the audited expense”.
– “I have CDTI projects and this body has approved my spending as R & D”.
– “If tax experts are tax experts, what do they know about technology?”

To say that the ex-ante binding reports are wet paper in front of the Treasury. Although they have a legal validity, especially when it comes to rating the activity as R & D or technological innovation. A report that is issued before the realization of an expense (since this refers to the term Ex-Ante ) can never predict the activities that have finally been carried out, much less the expense associated with them.

Hacienda has the tools to know if the activities are correctly classified as R & D or technological innovation. If the inspector has any doubts, he will propose to certify the project.

Tax R & D is regulated by a Royal Decree, more specifically RD 1436. Therefore R & D ≠ R & D Fiscal . Whenever we want to apply deductions of this type, we must go to the provisions of this Royal Decree.

This not to be deducted by project, but by activities, and take into account that to carry out an R & D project there are activities necessary for its execution, but that are not qualified as R & D or technological innovation , are the main guidelines for have full legal guarantee against the Treasury. Do not forget that these deductions are a right that the company must apply.

Another aspect to be discussed is the management of the R & D Unit of the company and the associated taxation, but this will be discussed in depth later.

3rd Call for Bilateral Projects of International Technological Cooperation for certification and unilateral follow-up

Image result for cdtiCDTI informs that the deadline for the presentation of proposals in the Call for bilateral R & D projects in international technological cooperation for certification and unilateral monitoring (Unilateral Projects) is now open .

The projects must be carried out by formally constituted international consortiums, with the participation of one or more Spanish companies that collaborate effectively in an R & D project with one or more foreign partners from the following countries: Algeria, Australia, China, Colombia, Egypt, United Arab Emirates, United States of America, Indonesia, Malaysia, Morocco, Mexico, Singapore, Thailand and Taiwan.

Through this call, projects derived from Multilateral Programs (Iberoeka, Eureka) and Bilateral Programs (CHINEKA, JSIP, ISIP) can be channeled, which having previously received a positive pre-evaluation by CDTI, its international certification has not been possible.

The presentation of projects is open throughout the year 2016 and there are three cut-off dates for the evaluation of proposals :

  • First cut date: February 25, 2016
  • Second cut date: June 24, 2016
  • Third Cut-off date: October 28, 2016

What your home insurance should always have

Image result for home insuranceHome insurance is undoubtedly one of the main insurance for any family. The fact of covering the contingencies that may occur in the home makes it an essential insurance, but, at the same time, in many aspects it is a little known insurance and that we are not always clear about the most important thing.

The main issue when hiring a home insurance is that it is done based on what you really need to insure. Interestingly, this is not always the case since, on many occasions, we hire home insurance automatically linked to the mortgage lending itself . This means that we do not always have clear coverage we have hired, and if these are really what we need.

It must be clear that today it is essential to have a home insurance if we are going to hire a mortgage, but it is not contracting it with whoever offers us the mortgage. This makes the fan open much more and that when it comes to insuring your home you can make better decisions.

When hiring the insurance

Home insurance can include a huge amount of coverage. In this case we are going to focus on the basics, on what should be fundamental in any case within your insurance.

Therefore, it is essential that you are clear from the beginning what aspects of your home you really want or need to ensure in addition to the basic coverages.

Once this is clear, you have to confront it with what the insurance offers, being obligatory, of course, to read the fine print and access all the particular conditions that the policy is going to propose to you. If you find things that you do not understand or clauses that you do not clearly understand, always consult your advisor since he is obliged to inform you clearly so that you can understand what you are signing and the answer that the insurance will offer in each section.

Obviously it is fundamental during this review of the fine print in the particular conditions of insurance to pay attention to both the coverage and what they include and what they propose as compensation. Here you should pay special attention to the limitations and franchises that the policy may present.

Do not give anything of course, what is not explicitly collected in a home insurance is not contemplated.

Essential coverage in home insurance

Essential coverage in home insurance

As we said earlier, home insurance can have dozens of coverage, so we must pay attention to the fundamentals in addition to the basic civil liability insurance. These two would be the most important:

  • Fire
  • Theft and acts of vandalism

From these two basic coverages there are some protection elements that are also essential or almost:

  • Glass breakage
  • Damage caused by water

This would be the minimum assurance base from which you can begin to customize, if you really need it, your home insurance including valuable content items, etc. to combined insurance that can really include a large spectrum of protection.