3.5.2 Calculation of net return
Net income is calculated according to the rules of IS (income less expenses) as in normal direct estimation, with the following particularities:
-
Deductible provisions and expenses that are difficult to justify are quantified by applying 5% of the positive net income, excluding this concept without the resulting amount being able to exceed €2,000/year. It will not apply when the reduction is chosen for the exercise of certain economic activities. By 2023 the percentage will be 7%.
-
Depreciation of tangible fixed assets is carried out on a straight-line basis, based on the specific simplified depreciation table, without prejudice to the application of the assumptions of freedom of depreciation established in IS .
The net income thus calculated will be subject to, where applicable, the reduction for income generated over more than two years or obtained in a notoriously irregular manner over time, the reduction of the net income applicable to economic activities that meet certain requirements, the reduction for taxpayers with non-exempt income of less than €12,000 or the reduction for starting an activity, in accordance with the rules indicated in the normal form of the direct estimation method.