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Practical Guide to Income Tax 2023.

Concept and scope of application

Regulations: Articles 16.2 b), 31 and thirty-second transitional provision of the Law PIT; art. 32 and H.H. Regulation PIT and Order HFP/1172/2022

The objective estimation method is applicable in the 2023 financial year to agricultural, livestock and forestry activities, including the work, services and ancillary activities carried out by the owners of said activities, as well as to the processes of transformation, preparation or manufacture of natural products carried out by the owners of the farms from which said products are obtained, provided that the circumstances indicated below are met.

  1. Economic activities carried out directly by individuals
  2. Economic activities carried out through entities under the income attribution regime
  3. Agricultural, livestock, forestry and natural product processing activities to which the objective estimation method is applicable in 2023