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Practical manual for Income Tax 2023.

To promote self-employment of young people under 35 years of age

Regulations: Art. 16 Text Consolidated legal provisions of the Community of Madrid on taxes transferred by the State, approved by Legislative Decree 1/2010, of October 21

Amount of deduction

1,031 euros for taxpayers in which the following circumstances apply:

  • That they are under 35 years old.

    The age requirement must be met on the accrual date of IRPF (normally December 31).

  • Those who register for the first time , as a natural person or as a participant in an entity under an income attribution regime, in the Census of Businesspeople, Professionals and Withholders provided for in Royal Decree 1065/2007, of July 27, which approves the General Regulations for Actions and Procedures for Tax Management and Inspection and for the Development of the Common Rules for the Procedures for the Application of Taxes ( BOE of September 5).

Temporal scope of application of the deduction

This deduction will be applied in the tax period in which the registration in the Census occurs.

Requirements for applying the deduction

  • That the activity takes place mainly in the territory of the Community of Madrid .

  • That the taxpayer remains in the aforementioned Census for at least one year from registration .

    This requirement will not be considered breached in the event of the death of the taxpayer before one year has passed since registration in the census, provided that the taxpayer has not deregistered from the census before death.

  • In joint taxation the amount of the deduction will not be multiplied by the number of members of the family unit who meet the requirements for its application .