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Spanish to English translations [PRO] Bus/Financial - Law: Taxation & Customs
Spanish term or phrase:cuota líquida
Deducciones del impuesto de sociedades: Los sujetos pasivos pueden beneficiarse de exenciones en el impuesto de sociedades deduciendo de la cuota líquida el importe de las actividades de I+D.
The glossary talks about "dues", but would the deduction not be on the taxable capital rather than on the tax itself? If they deducted the amount spent on R+D from the tax payments, wouldn't everyone spend the equivalent of what they're supposed to pay in taxes on R+D, thus avoiding paying any corporate tax?