S.L. 123.206 Art. 3Allowable tax credit.

A tax credit shall be allowed to the company in accordance with these rules in an amount that shall not exceed the lower of the following two amounts:

(a) the eligible costs for damage compensation net that do not include:

(i) any amount recovered by the company by insurance, litigation, arbitration or other source for the same damages, including any amount that is so recovered at any time after these rules come into force;

(ii) any damages for which the company was responsible or which was attributable to the failure on the part of the company to conduct its activities with due diligence and in compliance of applicable legislation or to its failure to take measures to mitigate it;

(iii) any grant, compensation, relief or other form of aid paid to the company by or on behalf of the (COVID-19 DAMAGE COMPENSATION)

Government or a government agency in consideration of the said damage to the extent that it is not already compensated in the calculation of the eligible costs for damage compensation; and

(b) twelve million euro (€12,000,000).