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Practical Income Manual 2020.

Concept and scope of application

Regulations: Articles 16.2 b), 31 and transitional provision thirty-second Law Personal Income Tax ; art. 32 et seq. Regulation and Order HAC /1164/2019

The objective estimation method is applicable in 2020 to agricultural, livestock and forestry activities, including the work, services and accessory activities carried out by the owners of said activities, as well as to the processes of transformation, elaboration or manufacturing of natural products. carried out by the owners of the farms from which said products are obtained, provided that the circumstances indicated below occur.

  1. Economic activities carried out directly by natural persons
  2. Economic activities carried out through entities under the income attribution regime
  3. Agricultural, livestock, forestry and transformation of natural products activities to which the objective estimation method is applicable in 2020