Tax Incentives for Overseas Trade Fairs

Royal Decree No. 569, published in the Royal Gazette on 20 November 2013, allows a double tax deduction for corporate income tax purposes for expenses (i.e. rentals, construction costs, insurance premiums, freight including other costs of transportation of goods and equipment) incurred in participation in a trade fair, a goods exhibition, or an expo, which is held overseas during 1 January 2013 to 31 December 2014 and only for expenses paid during this timeframe.