Keys to economic activities in personal income tax
Currently, the nomenclature that taxpayers must use to determine their type of economic activity varies from one tax return to another. Thus, until the 2021 financial year, in the personal income tax return the classification of these activities took into account the tax treatment that corresponded to each one based on whether it was subject to withholding or payment on account or the accounting and registration obligations of the owners of said activities, and differed from that offered, for example, in the Value Added Tax returns or in the census declaration of registration in the census of professional entrepreneurs and withholders, so that the same activity was recorded differently depending on the tax return in question.
In order to harmonize the nomenclature used for these purposes when completing the various tax returns, and thus responding to the request repeatedly made by the group of taxpayers who carry out economic activities, a new codification of the same was implemented in the 2021 Personal Income Tax return with the aim of progressively extending it to the other tax returns.
From this last perspective, since the 2021 financial year the declaration model distinguishes the following types and keys of economic activities in direct estimation:
| Password | Type of activity |
|---|---|
| A01 | Urban real estate landlords |
| A02 | Independent livestock |
| A03 | Other business activities not included in other sections |
| A04 | Professional activities of an artistic or sporting nature |
| A05 | Other professional activities |
| B01 | Agricultural activity |
| B02 |
Dependent livestock activity |
| B03 | Forestry activity |
| B04 | Punting mussel production |
| B05 | Fishing activity, except production of mussels in rafts |