Paintings: Methods and modalities for determining the net income of economic activities: direct estimate

Entrepreneurs and professionals in which one of these two circumstances occurs:

• That the net amount of the turnover of all its activities exceeds 600,000 euros per year in the previous year.
• That they have renounced the EDS.

Entrepreneurs and professionals in which one of these two circumstances occurs:

• That your activity is not eligible for EO .
• Who have resigned or are excluded from the EO.

Provided that, in addition, the net amount of turnover from all their activities does not exceed the amount of 600,000 euros per year in the previous year and they have not renounced the EDS.

(+) Full income.

(-) Deductible expenses.

(-) Amortization.

(=) Net performance.

(-) Reduction of income with a generation period of more than two years or obtained in a notoriously irregular manner when attributed in a single year (30%). Maximum reduction base: 300,000 euros.

Transitional regime : application of this reduction to income that was received in fractions prior to 1-1-2015.

(=) Reduced net return .

(-) Reduction for economically dependent self-employed workers with only unrelated client:

• General reduction: 2,000 euros.
• Additional increase for taxpayers with net income from the activity less than 14,450 euros and income other than the above, excluding exempt income, less than 6,500 euros.
• Additional increase for disability.

(-) Reduction for taxpayers with total income of less than 12,000 euros, including those from the activity (incompatible with the previous reduction).

(-) Reduction due to start of activity.

(=) Total reduced net yield.

(+) Full income.

(-) Deductible expenses (except provisions and amortizations).

(-) Amortizations simplified table.

(=) Difference .

(-) Expenses that are difficult to justify: 5% of positive difference (Maximum 2,000 euros). (incompatible with reduction for self-employed workers)

(=) Net performance.

(-) Reduction of income with a generation period of more than two years or obtained in a notoriously irregular manner when attributed in a single year (30%). Maximum reduction base: 300,000 euros.

Transitional regime : application of this reduction to income that was received in fractions prior to 1-1-2015.

(=) Reduced net performance.

(-) Reduction for economically dependent self-employed workers or with a single unrelated client (incompatible with expenses that are difficult to justify).

• General reduction: 2,000 euros.
• Additional increase for taxpayers with net income from the activity less than 14,450 euros and income other than the above, excluding exempt income, less than 6,500 euros.
• Additional increase for disability.

(-) Reduction for taxpayers with total income of less than 12,000 euros, including those from the activity (incompatible with the previous reduction).

(-) Reduction due to start of activity.

(=) Total reduced net yield.

1. Commercial activities:

• Accounting adjusted to the Commercial Code.

2. Non-commercial activities:

1. In general, record books of:

   • Sales and income record book.
   • Book record of purchases and expenses.
   • Record Book of investment goods.

2. Professional activities:

   • Sales and income record book.
   • Book record of purchases and expenses.
   • Record Book of investment goods.
   • Record book of fund provisions and supplies.

1. In general (even when they keep accounting in accordance with the provisions of the Commercial Code)

• Sales and income record book.
• Book record of purchases and expenses.
• Record Book of investment goods.

2. Professional activities :

• Sales and income record book.
• Book record of purchases and expenses.
• Record Book of investment goods.
• Record book of provisions of funds and supplies