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Practical manual for Income Tax 2022.

1. Transformation, processing or manufacturing activities

The value of natural, plant or animal products used in the corresponding production process will be recorded as income , according to their market prices at the time of their incorporation into said process. Likewise, where applicable, income from self-consumption, subsidies and compensation will be included in the terms discussed below.

Note: If during 2022 products produced in years prior to 1998 were transferred, the value of the natural products used in the production process must be included as income for the year 2022, according to their market prices at the time of their incorporation into the transformation, production or manufacturing processes.