Reasoned report

The reasoned report, in accordance with Royal Decree 1432/2003, allows tax deductions to be applied to corporation tax for research and development and technological innovation activities with legal certainty, as a reasoned report is binding in terms of corporation tax deductions.

The method we follow to prepare the binding report for applying deductions in corporation tax is as follows:

• Phase 0. Contact us for a “tailor-made” quote. This involves identifying all viable projects in order to classify them appropriately and subsequently prepare the reasoned report for the corporation tax deduction. We carry out a tailor-made project according to your needs. Contact us for more information.
• Phase 1. Documentary audit of the R&D&I project. We look for all deductible expenses and investments that we can clearly link to the project, even if they are not accounted for as R&D, with the aim of identifying all eligible expenses and investments and trying to identify other compatible aid that can be added. The beneficiary may submit one project per year. There is no maximum budget, the deductions submitted are not subject to public competition, no approvals or resolutions are required, and there are no limits on resources.
• Phase 2. Preparation of the financial and accounting report. Preparation of the financial and accounting report (audit) based on all expenses and investments made in the previous financial year. This involves calculating the tax deduction to be included in the corporation tax return.
• Phase 3. Preparation of the deduction certificate and reasoned report. We prepare the deduction certificate, signed by a competent technician, a chartered industrial engineer, approved by the official association, with liability insurance. We prepare the binding reasoned report of the MICINN (optional, only for larger investments). To request the reasoned report, the company must have a technical and economic evaluation report of the project certified by an ENAC-accredited entity to certify projects in different technological disciplines. The R&D&I deduction is a saving in corporation tax payments. If the company has losses, it has 18 years of tax credit.
• Phase 4. Identification of compatible aid. Gesttic’s objective is to ensure the maximum possible aid for its clients, as the corporation tax deduction through a reasoned report is fully compatible with other innovation aid. To this end, we identify other forms of aid that are compatible with each other, from which your clients can also benefit. We charge a percentage of the result achieved and also provide a “service guarantee”. We apply for all additional subsidies compatible with the deductions. We are approved suppliers of technology vouchers.