7.1.3. Estimated income and related transactions

Estimated income (art. 40 Act)

Compensation shall be presumed, unless proven otherwise, for the benefits of services that may generate earned income (Article 6,5 of the Act).

The estimated income will be valued at the normal market value. Normal market value shall be understood as the consideration agreed by independent parties, unless proven otherwise.

Related transactions (Article 41 of the Act)

In general, the rules for the assessment of related transactions are applied in the Personal Income Tax under the terms set out in article 18 of the Corporation Tax Act.