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Practical Income Manual 2021.

Index 7. Because it is a company whose reduced net return does not exceed 9,447.91 euros

The corrective index of 0.90 will be applied when the sum of the reduced net returns from all the agricultural and livestock activities carried out by the taxpayer does not exceed the amount of 9,447.91 euros per year.

To determine the corrective index for companies whose net reduced return does not exceed 9,447.91 euros, the net reduced returns derived from forestry activities, whether with or without transformation, must be excluded.

Incompatibility: This index is not applicable in the cases of young farmers or agricultural employees who are entitled to the special reduction of 25 percent referred to in the sixth Additional Provision of the Personal Income Tax Law .