How is the digital kit taxed?
Have you been granted the digital kit? Yes? Congratulations, but do you know how the digital kit is taxed? It is important to know how the digital kit is taxed in order to avoid making mistakes in the income tax return or in the corporate tax.
Your company – or you as a self-employed person – has requested one of the subsidies from the ‘Digital Kit’ program. If you receive one of these grants, remember that your taxation will vary depending on what you use the digital kit for.
Digital Kit Program
What is the digital kit?
The digital kit is a grant
If you work as a self-employed person or through a company (with a maximum of 250 employees), you can apply for this grant to implement a series of specific digital solutions or even hardware (website and internet presence, laptop or desktop computer, e-commerce, cybersecurity, etc.).
The total amount of this grant (called a digital bonus) depends on the size of your company and the number of employees and ranges from 3,000 to 29,000 euros.
Digital bonus
The eligible solutions also depend on the type of company; the maximum amount eligible for subsidy for each solution also varies (between 1,000 and 29,000 euros).
Access the Acelera Pyme portal, register and take the self-diagnosis test to identify the solutions that interest you.
You can then apply for the grant and, once it has been awarded, you will receive a voucher for the corresponding amount, which you can use to purchase the digital solutions you need.
Digitalising agent
For these purposes, you must contract these digital solutions with the providers included in the Digital Kit programme (the so-called “digitalising agents”), and the Administration will pay the corresponding fees directly to your agent (except for VAT, which your company must pay, although you can deduct it in your periodic declaration).
Do not forget that these subsidies represent a higher income that is subject to corporate tax (IS) and personal income tax.
Taxation of the digital kit
Allocation
For these purposes, remember that subsidies are allocated according to their purpose:
- Current subsidy: If they are intended to cover expenses of the year, they are allocated in full as a higher income in the year in which their concession is notified.
- Capital subsidy: However, when they are linked to the acquisition of a new asset related to the activity, they must be allocated in the same proportion in which the acquired asset is depreciated.
Fixed assets
Well, given that it is usual for subsidies to constitute an aid to acquire tangible or intangible fixed assets, in general you must allocate them as said assets are depreciated.
For example:
- If you acquire new software, you must record it (at the value assigned to it in the Digital Kit program) as a “Computer Application” (account 206), with a counterpart to a net worth account (account 130, “Official capital subsidies”).
- Likewise, at the end of each financial year you must record the depreciation (if you apply the maximum coefficient, 33% of the value of the solution).
- At the same time, you must declare a higher annual income by applying the same depreciation percentage to the subsidy and recording it in account 746, “Subsidies transferred to financial year results” (charged to account 130 indicated above).
Simplified direct estimate
If you act as a self-employed person in simplified direct estimate and must apply the special depreciation tables of this regime, remember that the maximum depreciation coefficient for computer applications is 26% per year.
If the grant received constitutes aid for acquiring tangible or intangible fixed assets, the income must not be declared in the year in which the grant is received, but rather as the fixed assets are depreciated.
