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Practical Income Manual 2022.

3. Reduction for economic activities carried out on the Island of La Palma: 20 percent

Regulations: Additional Provision Sixth Order HFP /1172/2022, of November 29 ( BOE of December 1)

Once the general reduction is applied and, only for those taxpayers who carry out their economic activity on the Island of La Palma and determine the net income of said activity by the objective estimation method, the net income of 2022 modules corresponding to such activities by 20 percent .

The reduction must be entered in box [0157] of the declaration.

Note: Due to the consequences of the volcanic eruptions that occurred on the Island of La Palma, the Additional Provision sixth of Order HFP /1172/2022, of November 29, by which the objective estimation method is developed for the year 2023, has established a special reduction for the economic activities carried out on said island, similar to that established for the municipality of Lorca, due to the earthquake that occurred in said municipality. These reductions will apply in both 2022 and 2023 .