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Practical manual for Income Tax 2021.

Full computable income

The following are considered computable gross income derived from the exercise of economic, business or professional activities:

Covid-19: Please note that the benefits for cessation of activity due to the health emergency caused by Covid-19 listed below are considered work income and not income from economic activity:

  • Extraordinary cessation of activity benefit for self-employed workers affected by a temporary suspension of all activity as a result of a resolution by the competent authority as a measure to contain the spread of the COVID-19 virus.
  • Extraordinary cessation of activity benefit for those self-employed workers who cannot be entitled to the ordinary cessation of activity benefit provided for in article 7 of Royal Decree-Law 2/2021, of January 26, on the reinforcement and consolidation of social measures in defense of employment ( BOE of the 27th) or to the cessation of activity benefit regulated in articles 327 and following of the consolidated text of the General Social Security Law, approved by Royal Legislative Decree 8/2015, of October 30.
  • Extraordinary cessation of activity benefit for seasonal workers.
  • Benefit for cessation of activity compatible with self-employment regulated in article 7 of Royal Decree-Law 2/2021, of January 26, on the reinforcement and consolidation of social measures in defense of employment (BOE of the 27th).

The reason is that its nature is considered analogous to the economic benefit for total, temporary or definitive cessation of activity regulated by Law 32/2010, of August 5, which establishes a specific system of protection for cessation of activity of self-employed workers (BOE of the 6th).

 Unlike the previous ones, the aid or subsidies granted by the Autonomous Communities with the aim of promoting the maintenance of the economic activity of the self-employed in the face of the effects of the measures adopted to deal with the COVID-19 epidemic, as they do not fit into other concepts of personal income tax and their purpose is to compensate for the decrease in income obtained in economic activity, are classified as income from economic activities (current subsidies) and must be attributed to the year in which they are granted.

  1. 1. Operating income
  2. 2. Financial income derived from the postponement or fractionation of operations carried out in the development of the activity
  3. 3. Income from current grants and capital grants
  4. 4. Self-consumption of goods and services
  5. 5. Accrued VAT
  6. 6. Transmission of assets that have enjoyed freedom of amortization: excess deducted amortization with respect to deductible amortization
  7. 7. Variation in stocks (only if there is an increase in stocks at the end of the year)
  8. 8. Other income